Renault sales decline ۶.۷% in first half of ۲۰۱۹

Asre Khodro- French carmaker Renault posted a ۶.۷% decline in first-half vehicle sales amid a global auto slowdown, but said a forthcoming product offensive would begin to help soften the blow in key markets.

Renault sales decline 6.7% in first half of 2019

Reporting "Asre Khodro", Sales fell to ۱.۹۴ million light vehicles in January-June from ۲.۰۸ million a year earlier, the company said in a statement on Tuesday. The slump was outpaced by a ۷.۱ percent global market contraction, it added.

The sales announcement comes amid gathering gloom for the global auto industry, with major markets in decline and trade barriers looming. It also comes a day after domestic rival PSA recorded a ۱۲.۸% slump in deliveries.

"Renault maintained its market share in the first half of the year in a market that was in sharp decline," the carmaker said, adding that it had held its ground with "no new products".

The rollout of a new Clio mini will help lift sales in the second half, sales chief Olivier Murguet told reporters, bolstered by an updated Zoe electric car. Global sales of battery-powered models rose ۴۲.۹% in the first half.

While the core Renault brand's sales fell ۱۱.۵% in the first half, lower-cost brands showed gains, with Dacia up ۴.۵% and the Russian Lada marque advancing ۶.۸%.

Group sales were flat in a declining European market but down ۲۷.۷% in the sales region spanning Africa, the Middle East and India, largely as a result of Renault's ۲۰۱۸ withdrawal from Iran under threat of U.S. sanctions.

Deliveries fell ۵.۲ percent in the Eurasia region including Russia, and ۳.۹% in the Americas, where Renault sees the Brazilian market rebounding ۸% this year.

The global market will show a new decline of about ۳% this year, Renault said, with Russia down a further ۲-۳% and Europe stable, assuming that a hard Brexit is averted.

Renault is scheduled to publish full first-half results on July ۲۶.

But it says a new product offensive will help right the ship in the second half

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