Mexican Media Brands
Renault Boosts Sales But Not Revenue
Renault SA reports sales of 636,200 units in the first quarter of 2014, up 5% from the same period last year.
#economics
Share
Renault SA reports sales of 636,200 units in the first quarter of 2014, up 5% from the same period last year. Sales in Europe jumped 18%.
But auto-related revenue was flat at €7.7 billion for the three-month period. Renault says a slightly richer sales mix was more than offset by unfavorable exchange rates in emerging markets.
By region, Renault's group sales climbed 9% in the Americas and 8% in Europe. But demand slipped 1% in Euroasia, dropped 15% in the Mediterranean-African region and plunged 30% in Asia Pacific.
Sales in the first quarter outside Europe accounted for 43% of all group sales compared with 49% a year ago.
For the full year, Renault expects a slight decline in new-car market demand in Brazil and Russia. But the company has doubled its outlook for Europe to at least 2% growth in 2014.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data