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France's Renault posts growth in H1 sales in growing European markets

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(Globalpost/GlobalPost)

PARIS, July 7 (Xinhua) -- Renault, France's second biggest carmaker, on Monday announced high sales of its brands for January-June period this year thanks to resilient demands mainly in traditional European markets.

In a statement released on its website, the French carmaker saw its sales grow by 4.7 percent in the first half compared with the group's performance in the first six months last after providing world markets with 1.4 million vehicles.

Demand in Europe rose by 18 percent, where the French group sold 776,236 units, prompting one percentage point growth in its market share to stand at 10.2 percent, according to Renault.

Affected by declining markets mainly in Algeria, Turkey and Argentina, sales in emerging markets lost momentum after providing 9 percent less units to 589,182 over the period.

"In the first half of 2014, Renault brand sales in Europe were up, thanks to Clio and Captur. Dacia is the fastest growing brand in the region. As a result, Renault is able to diminish the impact of the decline in our main emerging markets and to maintain the Group's positive momentum", says Jerome Stoll," said Jerome Stoll, the company's executive vice president for sales and marketing.

"Within this context, we confirm our projection of increased market share in Europe and of a greatear worldwide sales," he added.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/140707/frances-renault-posts-growth-h1-sales-growing-european-marke