-4.5 C
Washington
Monday, February 3, 2025

Renault Group sales zoom ahead after European performance boost in 2024

Must read

Numerous new mannequin launches, together with hybrid and all-electric automobiles, helped Renault Group ship an increase in gross sales in Europe final 12 months.

Automobile manufacturing large Renault Group has revealed a rise of three.5% in European gross sales for 2024. which was a rise of three.5% from the earlier 12 months.

The group offered 1,599,051 vehicles in Europe with its reputation primarily boosted by new mannequin launches, as continues its give attention to electrical choices and value-for-money gross sales coverage. 

France, Italy, Turkey, Spain and Germany have been Renault Group’s high European markets, with Morocco, India and South Korea performing effectively for the group, exterior of Europe. 

Globally, the group’s gross sales have been up 1.3% on 2023, with gross sales of two,264,815 items. South Korean gross sales soared 80.6% within the 12 months, with the Grand Koleos launch being an enormous draw. Brazilian gross sales climbed 10.3%, pushed by Kardian gross sales. 

Renault Group gears up for electrification of fashions

Renault continued to take a position closely in ramping up its electrical automobile (EV) and hybrid choices in 2024, seeing 9% of its gross sales being EVs. Some 34.7% of electrified gross sales have been in Europe final 12 months, a 4.3% improve from the earlier 12 months. 

Renault Group’s heavy give attention to electrical automobiles comes at a time of accelerating competitors within the electrical automobile market from Chinese language producers. This has led to a number of European automotive makers dropping market share as they battle to compete with fashions from Chinese language corporations that value much less and supply a wider vary of options.

See also  EasyJet profit surges following record-breaking summer numbers

The EU has imposed tariffs on Chinese language EV makers together with Geely, SAIC and BYD, due to rising considerations that the businesses are gaining a bonus over their European rivals via heavy authorities subsidies.

Considerations over the economic system and potential job losses, along with geopolitical uncertainty means individuals who may in any other case purchase a brand new automotive, are being extra cautious about spending cash. This has additionally contributed to European EV makers seeing dampened gross sales. 

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News