Renault’s sales rise by 7.6 percent in 3Q 2010

Article by Christian A., on October 29, 2010

Renault SA attributes the 7.6% increase in third-quarter sales to the growth in emerging markets such as Russia, Brazil and Argentina. The carmaker revealed that its revenue rose to 8.71 billion euros ($12 billion) from 8.1 billion euros a year earlier.

Jerome Stoll, Renault's sales chief, said in a conference call that the European market was “better than expected” during the third quarter.

Deliveries rose by 5.7% to 591,855 vehicles, surpassing the global market's 4.6% expansion. Emerging markets outside Europe made up 42% of third-quarter group sales, with Renault sales increasing by 22.8%.

The gains were led by a 41% increase in Latin American sales. This was followed by a 37% increase in the Eurasia region including Russia, where the government offers sales incentives.

Renault also disclosed that group sales decreased by 4% in Europe, less than the 11.5% drop in the market.

Automotive revenue gained 7.9% to 8.27 billion euros in the quarter. Meanwhile, the sales-financing division posted a 1.1% increase to 443 million euros. [via autonews - sub. required]

Topics: renault, sales

If you liked the article, share on:

Comments

Recommended

In September 27, 2016, Porsche initially filed for a patent that is the “Unique Active Rear Diffuser”. And earlier this week, on April 27, 2017, the United States Patent and...
by - April 29, 2017
The Insurance Institute for Highway Safety (IIHS) has given its Top Safety Pick+ award to the redesigned version of the 2017 Kia Cadenza. This was a result of excellent a...
by - April 29, 2017
It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Toyota Motor Corporation disclosed that it will be bringing two of its Mirai fuel cell vehicles to China by October of this year. Tests will then be conducted on these...
by - April 28, 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