Groupe Renault revenue up 15.9% in Q3
- October 25, 2017
- Posted by: Alan Feldberg
- Category: Industry News
Groupe Renault revenues came to €12,218m in the third quarter of 2017, increasing 15.9%. Excluding the impact of the consolidation of AVTOVAZ, Group revenues increased by 9.8% to €11,584m (up 12.2% at constant exchange rates).
During this quarter, Groupe Renault continued to report rising sales (rising 9.4% to 866,233 units) and market share (up 3.8%) at global level.
In Europe, Group registrations rose 4.9% in a market that grew by 1.4%, with 397,097 vehicles registered in the third quarter. The Group took a 9.9% share of the European market, up 0.3 points.
Renault continues to lead the way in the electric vehicle segment, with 7,697 vehicles sold in the third quarter. ZOE registered 6,665 sales, an increase of 67%. The Dacia brand reported a 10.3% rise in sales, driven primarily by the performance of Sandero (+12%).
Outside Europe, sales rose 13.5% in a market that expanded by 5.5%. In Eurasia, sales rose 24.3% in a market that grew by 15.5%. The market share of the Group, which now includes the Lada brand, increased by 1.8 points to 24.6%.
In Russia, the Group’s second biggest market in volume, sales jumped 22.9% (at constant scope, including Lada). Buoyed by the success of Lada Vesta, Lada Xray and Renault Kaptur, the Group increased market share to 28.2%, a rise of 1.2 points. In Turkey, sales rose by 40.6%. The Group increased market share by 3.5 points to 18.8% on the back of the success of New Mégane Sedan, which totalled over 8,412 registrations in the third quarter.
In Asia-Pacific, Group registrations rose 21.1% in a market that grew by 4.7%. In China, the Group increased sales by 123.6%, with 16,807 vehicles sold during this quarter. In South Korea, Renault Samsung Motors sales fell by 8.2% owing to the lack of new model in a fiercely competitive market. This fall follows strong growth in 2016 with the launch of SM6 and QM6.
In the Americas region, sales rose 14.0% in a market that expanded by 7.1%. The Group increased its market share by 0.4 points to 7.3%.
In the Africa, Middle-East, India region, Group registrations fell by 1.3% in a market that grew by 4.2%. In India, sales fell by 20.7% on third-quarter 2016, pending the launch of Captur in early November.