Renault returns to growth after 4 years of sluggish volumes

hl.co.uk:

We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Newsroom

Newsroom articles are published by leading news agencies. Hargreaves Lansdown is not responsible for an article's content and its accuracy. We may not share the views of the author.

HL Podcast

HL Insight

Renault on Wednesday posted a 9% increase in global sales volumes in 2023 to 2,235,345 vehicles, returning to growth after four consecutive years of decline attributable to its strategic repositioning, its exit from the Russian market and supply chain snags.

Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Published by

17 Jan 2024

The group saw its volumes fall by 5.9% in 2022, after setting a sales record of 3.88 million vehicles — cars and vans — in 2018.

The carmaker's flagship Renault brand, which accounts for more than two-thirds of group sales, recorded a 9.4% increase in sales in 2023, while its low-cost brand Dacia achieved 14.7% growth over the same period, the group added.

This article was from Reuters and was legally licensed through the DiveMarketplace by Industry Dive. Please direct all licensing questions to legal@industrydive.com.

Available online and via all major streaming apps.

Special guests give the inside scoop of the challenges and opportunities faced by key industry sectors. Plus, experts on business news, the onomic outlook and trends, and what’s driving their portfolios.

LISTEN TO HL'S PODCAST