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Renault suffer 16.5 percent sales drop in first half of 2009

More bad news for Renault as they reveal that car sales in the first half of 2009 fell 16.5%. It said it sold 1.106 million cars and light trucks in the first six months of the year, down from 1.326 million in the same period a year earlier.

Renault is getting a 3bn euro (£2.6bn;$4.24bn) rescue loan from the French government but it is conditional on not making forced redundancies.

Scrappage schemes have boosted sales of cars in some European countries but in the UK in June they still suffered a 72% decline in new car registrations on 2008.

Renault said its sales of passenger car sales fell 13.7%, a slower rate than the global market.

It added its share of the global vehicle market remained at 3.7%.

Source: BBC News

Jul 17, 2009MTI
  • Italy, France and Spain all suffer new car sales drop in September
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  • Europe wide car sales up 16 percent in December
  • China car sales up over 40 percent in 2009
  • Ford’s European sales down 16.3 percent in first half of 2009
  • February 2009 new car sales figures
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