Renault reported an 18.7% increase in vehicle sales worldwide on Friday in the first half of the year, rebounding from a 21.3% drop in 2020 due to the impact of the Covid-19 pandemic on global economy. “In a context still shaken by the pandemic, Groupe Renault sold 1,422,600 vehicles in the first half of 2021, an increase of 18.7% compared to 2020, but a decrease of 24.2% compared to the first half of 2019. stated the group in a statement. However, the rebound is below the sector average which recorded an increase of 27.1% and a decrease of 23% on 2019. Renault closed 2020 with a budget red of 8 billion against profits of 19 billion in 2019.
Under the leadership of CEO Luca de Meo, Renault is reducing its range of cars and focusing on its most profitable models. According to the Losanga company, progress is being seen on this front. Sales of the Renault brand increased by 18.5%, to 901,500 units, in the first six months of the year, particularly buoyed by sales in Europe and hybrid and electric cars. The Dacia brand increased its sales by 24.5%, to 262,814 units, and Lada sold 200,219 cars in the period (+ 51%). France, Russia, Germany and Italy remain the top markets.
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However, the recovery trend in volumes over 2020 is slowing down throughout Europe, as noted by Acea (Association of European vehicle manufacturers), with a month of June in which registrations grew by 13.3% in the area. EU plus EFTA and UK. More than one and a half million vehicles are missing compared to pre-covid levels.