“Renault group revenue increased 13.7% in the first quarter,” they announced here. They are very diligent about sending me this kind of news.
Offsetting the deteriorating market conditions in Russia and Brazil, Renault group registrations increased 0.8% during the first quarter of 2015, reaching 641,588 vehicles in a worldwide automotive market up 1.7%. Furthermore, during the first quarter of 2015, Renault group registered 641,588 units (+0.8%), posting a stable worldwide market share at 3.0%.
In Europe, where the market increased by 8.9%, Group registrations were up 9.9%, driven by the success of Clio, Captur and Twingo. Group revenue reached €9,388 million for the quarter, a year-on-year increase of 13.7%, thanks in part to higher sales to partners. As a result of a stronger quarter than expected, the Renault group revised its 2015 outlook for the European automotive market and now forecasts a full-year growth of 5%. Notice that they are strong in smaller cars, with the Laguna nearing the end of its dismal run and the Megane also approaching replacement.
The three small cars, the Clio (17%), Captur (27%) and Twingo (40%) had double-digit growth in Europe. Dacia also showed improvement. The Sandero is the most popular private car purchase in Spain which says as much as about the state of Spain’s economy as it does about Dacia’s prowess in making and selling cars. It’s the right car at the right time.
A healthier Spanish economy might feature a more luxurious vehicle taking that honour. Ditto Italy where the Clio, they say, is the most popular imported car. I must note that this is a bit of a cheeky claim as the common market means that such sales don’t count as imports.