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

Mitsubishi finally introduces the new Xpander MPV at the 2017 Indonesia International Auto Show in Jakarta Indonesia. Replacing the previous Expander, the new multipurpose vehicle will be mostly sold at...
by - August 16, 2017
Infiniti revealed its retro Prototype 9 race car before its slated debut at 2017 Pebble Beach Concours d'Elegance next week. In a recent press release, the company not only disclosed...
by - August 16, 2017
In the United States, not many automakers offer crossovers with a diesel engine option, but Chevrolet does, with their 2018 Equinox. Those who opt for this engine will get some...
by - August 16, 2017
Here are some things that potential buyers of the Ford F-150 and Ford Expedition could look forward to for the 2018 model year. The 2018 models of the F-150 pickup...
by - August 15, 2017
We first saw the McLaren 720S earlier this year when it made its debut at the Geneva Motor Show, and we all agree that it is a beautiful car. But...
by - August 15, 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