Renault First-Half Vehicle Sales Climb 10%

By Eric Sylvers Features Dow Jones Newswires

Renault SA (RNO.FR) Monday said its worldwide vehicle sales rose 10% in the first half, far outstripping the wider market, as the French car maker benefited from the introduction of revamped models and booked strong growth in many emerging markets

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Renault sold 1.88 million vehicles in the first six months of the year compared with 1.70 million in the same period last year. The wider market advanced 2.6% in the first half, according to Renault.

Sales in the Americas grew 15% in the wake of market recoveries in Brazil and Argentina. In the Asia Pacific region, sales advanced 51% and in Russia Renault saw the first increase in volume in four years.

In France, the company's largest single market, sales rose a modest 1.8%, but it was Renault's best first-half showing in its home country in six years.

The company said it sees the global car market growing between 1.5% and 2.5% this years with the European market excepted to have a 2% advance. Growth is expected to be 5% in Russia, Brazil and China.

Write to Eric Sylvers at eric.sylvers@wsj.com

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(END) Dow Jones Newswires

July 17, 2017 05:20 ET (09:20 GMT)