Renault Sees New Model Push As Softening Sales Decline

www.oann.com | 1/21/2014 | Staff
applecan (Posted by) Level 3
PARIS (Reuters) – French carmaker Renault posted a 6.7% 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.

Sales fell to 1.94 million light vehicles in January-June from 2.08 million a year earlier, the company said in a statement on Tuesday. The slump was outpaced by a 7.1 percent global market contraction, it added.

Sales - Announcement - Gloom - Auto - Industry

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 12.8% 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”.

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The rollout of a new Clio mini will help lift sales in the second half,...
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