Renault swings to progress after 4 years of sluggish volumes By Reuters

© Reuters. A Renault Megane automobile is pictured at Brussels Motor Present, Belgium, January 18, 2019. REUTERS/Francois Lenoir/File Photograph

(Reuters) -Renault on Wednesday posted a rise in its annual world gross sales volumes, returning to progress after 4 consecutive years of decline attributable to its strategic repositioning, its exit from the Russian market and provide chain snags.

The group noticed its volumes hunch practically 6% in 2022, a yr closely hit by chip shortages, after setting a gross sales file of three.88 million automobiles – vehicles and vans – in 2018.

After dealing with a hunch in a number of of its markets, Renault (EPA:) determined to ramp up its gross sales ambitions by decreasing its vary and refocusing, beneath CEO Luca de Meo’s management, on probably the most worthwhile markets and fashions.

The carmaker’s flagship Renault model, which accounts for greater than two-thirds of group gross sales, recorded a 9.4% improve in 2023 gross sales to 2,235,345 automobiles, whereas its low-cost model Dacia achieved 14.7% progress over the identical interval.

The group’s order e-book in Europe represents 2.5 months of forecast gross sales on the finish of December 2023, Renault added.

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