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Renault first half sales drop less than market

Renault has revealed that its global passenger car sales fell by 13.7% in the first half, but its market share edged up and it achieved "significantly positive free cash flow" in the first six months of the year.

Renault’s total sales were down by 16.5% worldwide leaving its market share at 3.7%.

Renault brand sales were down 21.5% in the first six months, with car sales 19.1% lower and light commercial vehicles (LCV) posting a 33.2%.

Renault launched five new models in the first half of 2009: Mégane Coupé, Mégane Sport Tourer, Grand Scénic, Scénic and Clio III Phase 2. This gives the Renault’s model range an average age of 2.5 years (compared with 3.8 in 2005).

Renault’s group net income will be published in full on July 30.
In the world passenger car market, where the Renault-Nissan alliance ranks 4th, group sales were down 13.7%, at 969,361 units, in an overall market 15.6% lower.

The group's market share in passenger cars rose 0.1 points to 4.3%.

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