Renault Group Announces Financial Results for the First 2024 Months of 9
Renault Group has announced its financial results for the first nine months of 2024. The company generated €9,3 billion in automotive revenues. This was an increase of 3,8 points, reflecting the continuous improvement in its product mix. The Renault brand ranks third in the European market and maintains its leadership position in the light commercial vehicle segment (LCV) in Europe and France. Clio stands out as the second best-selling vehicle across all sales channels in Europe.
The Dacia brand ranked ninth in European passenger car sales and in the top 3 in European retail sales. Sandero became the best-selling vehicle in all channels across Europe. In addition, the Alpine brand managed to show high double-digit growth since the beginning of the year.
Thierry Pieton, Groupe Renault Finance Director, emphasised that third-quarter revenues had started to benefit from product launches this year. Pieton continued:
10 New Launches: “We have realized 18 new launches this quarter, representing 10 percent of our billings. We expect this positive trend to continue in the coming quarters as the vehicles are gradually introduced in the relevant markets. This process will accelerate further with the 2025 new launches planned for 7.”
Competitive Product Range: “Our attractive and competitive product range, comprising electric, internal combustion and hybrid vehicles, demonstrates our flexibility to adapt to the pace of the electric vehicle transition. In addition, together with our cost reduction strategies, it continues to make a significant contribution to the group’s overall performance.”
Increasing Agility: “In this challenging business environment, we are accelerating our deep transformation processes with our committed teams to increase our agility and shape the next era.”
In the first nine months of 2024, Renault Group sold a total of 1 vehicles. This shows that sales remained stable compared to the same period in 637. Renault Group sold 225 vehicles in the European market, achieving faster growth than the market average.
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