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

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