Renault Hopes For A Turnaround

2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36

Renault has set higher sales targets for 2014. The French importer expects an increasing demand for electric vehicles.

The French car maker Renault is hoping for a turnaround in Germany after the sales decline in 2014. Together with the group subsidiary Dacia, Renault wants to sell around 171,000 cars in the Federal Republic this year, said Germany boss Achim Schaible on Monday in Düsseldorf. That would be around 9,000 more than in the previous year. The group's market share is expected to increase from 5.1 to 5.3 percent.

Strong December boosts Renault's hopes

Last year, however, the car manufacturer was still driving in reverse on the German market. New registrations of passenger cars and light commercial vehicles from the Renault and Dacia brands fell by almost five percent to a good 162,000 vehicles. 2013 was a difficult year for the entire automotive industry, said Schaible. The Germans had "still not got a great desire for new cars".

But the manager sees signs of a turnaround. In the second half of the year, the market began to recover. In December, the sales figures were even significantly above the previous year's level. The manufacturer expects a tailwind, not least of all, from the increasing demand for electric vehicles. According to Schaible, the French company’s market share here is significantly larger than the market as a whole, at more than 20 percent. With the Twizy, the Zoe as well as the Kangoo and Fluence ZE, Renault offers four all-electric vehicles. (AG / dpa)