French car manufacturer Renault saw its sales increase 13% in Europe during the first six months of 2014, according to mid-year sales figures released this week.
Renault Group sales which include the budget Dacia brand were up 18% to 776,236 units compared to the same period in 2013.
The group’s results in Europe allowed it to off-set a sharp fall caused by economic and financial turmoil in its emerging markets, as sales outside the continent fell 9%.
Despite the decrease, the group continued to see market share growth in its Latin American and Eurasian markets, including a record 7% in Brazil.
Globally, the group’s passenger car and LCV sales rose 4.7% to 1,365,418 units sold during the first six months of the year, ahead of the 3.8% market growth figure.
Jérôme Stoll, chief performance officer and executive vice-president of sales and marketing at Renault, said the popularity of the brand’s Clio and Captur models ensured Renault brand sales in Europe rose in the first half of 2014.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
"As a result, Renault is able to diminish the impact of the decline in our main emerging markets and to maintain the Group’s positive momentum," he added.