Renault has reported €10.5bn (£9.4bn) in revenue in the third quarter of 2016 for a 13% year-on-year increase.

The French carmaker saw registrations increase 16% over the same period to 721,741 vehicles, as the global car market bounced 5%.

The group saw the largest single regional gains in Europe in Q3, where registrations rose 11.3%, boosting Renault’s market share to 9.5%.

In the Eurasia market, Renault’s market share improved to 12.4% in Q3, while experiencing a 4.7% decline in registrations in Russia, and 23.1% fewer sales in Turkey.

In its native France, the group saw a 3.9% rise in registrations to 123,000 in Q3 2016, as the Renault Clio IV was crowned the best-selling passenger car in September.

By segment, automotive revenue rose 13.5% to €9.9bn, which Renault attributed to a 10.7 point increase in volume and a 4.6 point increase in pricing.

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.

Company Profile – free sample

Thank you!

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 form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The group noted, however, that the euro’s gain against currencies such as the Argentinean peso and the British pound had created an ‘unfavourable impact’ of 3.8 points.

Sales financing revenue increased 4.3% on Q3 2015, to €557m, with new financing contracts up 10%, and average performing assets growing 17.5% to €33.9bn.

Renault said it expects both its European and French markets to increase by a minimum of 5%, and the global market to rise 1.7% in 2016.