Renault’s sales financing unit RCI Banque contributed 515m (£441m) to Renault Group’s third-quarter revenues according to its quarterly statement.
This marks a 0.4% increase in revenues on the same quarter last year and a return to gains after a difficult second quarter for the captive finance provider.
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In the three months to the end of June revenues at RCI Banque fell 3.8% to 529m year-on-year.
This has pushed revenues for the first nine months of 2013 down 0.6% compared to last year to a total of 1.57bn.
Overall performance at the French carmaker fell on last year’s figures by 3.2% to 8bn in part due to poor revenues from sales of Renault, Nissan and Dacia vehicles.
The finance arm of Renault has outperformed its car sales in all but the second quarter of the year despite a rise in sales at the carmaker.
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By GlobalDataRevenues within the car division are down 3.4% in the third quarter and overall sales for the first nine months of 2013 are down 1.6% to 26.8bn
Renault Group’s car sales however rose in almost all of the core European markets, except Germany where they fell 3%.
The UK in particular performed well with total registration rising above the market average of 11% at a rate of 42.5%.
This increase in sales tallied with the predictions of Steve Gowler, managing director of RCI Financial Services, the UK operation of RCI Banque, when speaking with Motor Finance in 2012, and was helped by the introduction of discount brand Dacia in early 2013.
Outside of Europe, sales growth has expanded at 4.8% excluding Iran where the political situation led to a loss of 23,000 sales.
This resulted in a fall in sales outside Europe of 2.6% in a market that accounted for 53% of Renault vehicles.
