Renault’s turnover increased by 3.7% in gross terms and 5.1% in comparable terms until September, to 39,066 million euros, driven in the third quarter by sales of electric vehicles, the group announced today in a statement.
From July to September, the French group recorded a turnover of 11,426 million euros, 6.8% more in absolute year-on-year terms and a comparable increase of 8.5% (if the effect of exchange rate variations is taken into account), accelerating growth in a context of increased sales of electric cars.
In the third quarter, vehicle sales increased 9.8%, to 529,486 units, with private vehicles increasing 13.2%, to 449,462 units, and utility vehicles falling 6.1%, to 80,024.
Between January and September, global sales increased by 3.8%, to 1,698,964 vehicles, with the same upward trend in private vehicles continuing (+8.8%, to 1,450,790), combined with a drop in utility vehicles (-18.4%, with 248,174).
By brands, Renault sold 1,169,806 vehicles, a growth of 3.8%, while Dacia sold 521,387 (+4.1%) and the sports car Alpine 7,394 (+121.2%).
Renault highlighted that, in the first nine months of this year, the sale of electric vehicles (purely electric and hybrids) increased by 58.6%, representing 43.9% of the total. In the third quarter, the weight of these electrified vehicles was 44%.
Electric vehicles represented 12.7% of sales between January and September, more than five percentage points above the same period in 2024, with this weight being 13.5% if only the third quarter is considered.
The progression of hybrids was even more intense, from eight percentage points to 30.4% in the first nine months of the year.
In the French domestic market, Renault sales fell 2% between January and September, to 392,802 vehicles, having also fallen, 7.9%, in the brand’s second most important market: Italy, to 144,349 units.
In Spain, Renault’s third main market, there was an increase of 18.7%, to 127,731 vehicles.
In Latin America, the French group registered 92,873 units sold in Brazil (+0.4%) and 48,192 in Argentina (+82%).
Renault group financial director Duncan Minto reiterated that the French manufacturer remains “fully committed to its strategy of value, more than volume, and continues to rigorously execute its cost reduction plan”.
However, on this last issue, in statements to the media, Minto declined to confirm the information that appeared in the press in recent weeks about a possible cut of 3,000 jobs.
On the other hand, it confirmed the financial objectives for the year as a whole, which include an operating margin of around 6.5% and a ‘cash flow’ between 1,000 and 1,500 million euros.