The Renault group (RNT.L,RNSDF.PK,RNSDY.PK) reported its Group sales were down 6.3% in 2012 from last year. Overall, the Group sold 2,550,286 vehicles worldwide. For the first time in its history, Renault generated more than half of its sales outside Europe. The international success did not offset an 18% fall in sales in Europe. The Group sold 1,279,598 vehicles outside Europe; which was an increase of 9.1% from prior year.
Renault said, in 2013, the global market is expected to grow by 3% on 2012, while the European market is expected to fall by at least 3%.
Renault said the Group will pursue its development strategy in international markets. In Europe, the Group’s objective is to win back market share while continuing to implement a virtuous commercial strategy.
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by RTT Staff Writer
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