Renault sees 5% decline in European car market in 2013

Article by Anita Panait, on May 17, 2013

Renault is expecting the car market in Europe to fall 5 percent year-on-year in 2013. According to Renault Chief Operating Officer Carlos Tavares, they expect the European market to be "slightly better" in the last three quarters of 2013 than in the first quarter, when sales in the region dropped 10 percent following a "very poor performance."

Renault said Feb. 14, 2013, that this year, it was expecting Europe to decline by at least 3 percent and the global car and light-truck market to surge by 3 percent, with India growing by up to 11 percent.

The French carmaker expects its global deliveries to soar this year, with growth to be supported by a refreshed Clio subcompact and Dacia Logan. Tavares remarked that Renault is “product blitz” this year, introducing new models in the process.

Renault is adding depth to its product range by resurrecting the Alpine sports-car label and transforming its Initiale Paris sub-brand into a full-fledged luxury marque. Tavares said Initiale Paris will be available in a 10- to 15-year time range.

Tavares said that the French carmaker expects to double global sales of electric vehicles -- including the Zoe and Fluence among its four offerings -- this year from 18,000 units in 2012.

The their launch through April 2013, Renault has sold a combined 24,688 units of the four EV models, the carmaker told Automotive News Europe in an e-mail. The carmaker is not ruling out building light commercial vehicles in Turkey, where joint venture unit Oyak-Renault Otomobil Fabrikalari AS, is producing the Fluence and Clio, Tavares added.

Topics: renault, europe, sales

If you liked the article, share on:

Comments

Recommended

Automobili Lamborghini’s preparations for the production of its first ever sports utility vehicle, the new Lamborghini Urus, has reached new grounds as the Italian carmaker is disclosing plans to construct...
by - May 26, 2017
The upscale version of the GMC Yukon body-on-frame sport utility vehicle – the GMC Yukon Denali – has been refreshed for the 2018 model year. It now sports a new...
by - May 26, 2017
The largest gathering of Volkswagen and Audi cars in Europe is underway, and the German premium carmaker is displaying the third model of its G-Tron range at the 2017 Worthersee...
by - May 26, 2017
Have you been wondering how much you have to produce to acquire a 2018 Mercedes-Benz S-Class Facelift? Wonder no more, as Mercedes-Benz has already divulged the pricing – at least...
by - May 26, 2017
Following the M3’s new facelift earlier this year, BMW is once again bringing something fresh to the table. In its newest offering, a cheaper version of the high performance sedan...
by - May 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries