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]

If you liked the article, share on:

Topics: renault, sales

Comments

Recommended

The Chevrolet Corvette will be turning 65 years old in 2018, and as part of the celebrations, the brand is introducing a special edition C7 – the Chevrolet Corvette Carbon...
by - November 19, 2017
Tesla revealed that with its new Semi, truck drivers can expect better experience especially with heightened safety and the lower cost of transporting cargo. Indeed, the cabin of the new...
by - November 19, 2017
November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
All is set for Volkswagen’s plans to enter the electric vehicle game, as prompted by the so-called Dieselgate scandal. In fact, the German carmaker has already made a commitment to...
by - November 17, 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