Renault expects slight decline in car market this year after global sales take a toll in 2019
Sales grew by 1.3 per cent to 1.94 million units in Europe but fell in China, Africa, Middle East, India and the Pacific region
Renault expects a slight decline in the car market in Europe, Russia and China this year after the French carmaker reported a 3.4 per cent fall in global sales in 2019.
Sales grew by 1.3 per cent to 1.94 million units in Europe but fell 17.2 per cent in China. Sales also fell by 19.3 per cent in Africa, Middle East, India and the Pacific region.
In 2019, sales were also down 44.5 per cent in Argentina and -26.5 per cent in Turkey.
Renault has suffered since August 2018 from the closure of the Iranian market where the company sold had around 101,000 vehicles.
The company also expects growth in the Brazilian market and a positive turn in Turkey this year.
Renault aims to target a 70 per cent growth in its electric car sales this year. In 2019 worldwide sales of the group's electric vehicles rose 23.5 per cent to 62,447 vehicles.
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Renault has suffered since August 2018 from the closure of the Iranian market where the company sold had around 101,000 vehicles.
French rival PSA reported a 10 per cent fall in 2019 global sales to 3.49 million units, down from a record 3.88 million, earlier this week. The company said this was due to falls in China, the Middle East and Africa.
Renault shares were up 1.86 per cent early this morning.
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