Renault's global sales drop 21.3% in 2020

Tuesday, 12. January 2021 09:22

Renault SA said on Tuesday its sales in full-year 2020 dropped 21.3% to 2,949,849 vehicles due to the coronavirus outbreak.

The carmaker noted that sales in Europe were down 25.8%, while sales outside Europe fell 16.5%, mostly due to Brazil sales plummeting 45%.

"Groupe Renault is aiming to turn around its performance. We are now focusing on profitability rather than sales volumes, with a higher net unit margin per vehicle in each of our markets," CEO Luca de Meo. "The first results are already visible in the second half of 2020, especially in Europe where the Renault brand is making progress in the most profitable sales channels and strengthening its leadership in the electric segment," he added.

Related Links: Renault S.A.
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Breaking the News / NP