Renault 2014 Worldwide Sales Increase 3.2% - Quick Facts

(RTTNews) - French automaker Renault SA (RNSDY.PK, RNSDF.PK, RNT.L) said that its group passenger car and light commercial vehicle sales in worldwide for 2014 increased 3.2 percent to 2.712 million unit from last year's 2.628 million unit.

Renault group's passenger car sales for the year rose 2.8 percent year-over-year to 2.368 million units, while light commercial vehicle increased 6.4 percent to 344,342 units from the previous year.

In 2014, the Renault group recorded a 12.5% increase in new car registrations in a market that grew 5.9% and exceeded the 10% market share threshold (up 0.6 points).

Renault held its own, gaining market share in Russia, Brazil, Turkey and Algeria. However, Group new car registrations dropped 5.9% outside Europe to 1.25 million units. They represent 46% of the Group's total registrations, against 50% in 2013.

With 416,934 new car registrations, the Group lost 10.7% in volume, in a sluggish market that dropped by 7.5%, mainly due to the economic situation in Argentina. The Renault group achieved a market share of 6.4% (down 0.2 points).

In 2015, the global market is expected to record modest growth of 2% compared with 2014. The European market is also expected to grow by 1 to 2%, with France remaining stable.

"In 2015, in a market context that remains uncertain, we will continue to move ahead with our Medium-Term Plan, Renault Drive the Change. We are forecasting an increase in our global volumes, the strengthening of our position in Europe and improvements in our positions on our main emerging markets," said Jérôme Stoll, Executive Committee Member, Chief Performance Officer and Executive Vice-President Sales and Marketing.