Renault reports rising sales in 2013 thanks to low-cost cars

21st January 2014, Comments 0 comments

French carmaker Renault said onm Tuesday that its sales rose by 3.1 percent in 2013 to 2.63 million vehicles thanks to accelerating performance by its low-cost Dacia brand.

Low-cost vehicles represented 41 percent of total sales of the group, which includes the Renault, Dacia and Renault Samsung Motors brands, up from 37 percent the previous year, said a company spokesman.

The Duster, a SUV with 4WD as an option that is sold both under the Dacia and Renault brands, was its top-selling vehicle with nearly 377,000 sold.

The group's sales rose 2.4 percent in Europe, a market that dipped 1.7 percent last year. French sales slid 0.7 percent.

International sales were held back due to international sanctions in Iran, but still rose by 0.4 points to 50.5 percent of the total.

Renault sees the global car market growing by 2.0 percent in 2014, with the European and French markets recovering with 1 percent growth.

"In 2014, in a more favourable market context, we are confirming our profitable growth strategy by continuing our recovery in Europe and increasing our international sales," said Jerome Stall, Renault's executive vice president for sales and marketing.

Renault's sales results contrasted sharply with those of its French rival PSA Peugeot Citroen, which said Monday its global sales dropped by 4.9 percent last year.

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© 2014 AFP

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