Renault announced on Tuesday that it billed €11,707 million in the first three months of 2024, representing a growth of 1.8% compared to the same period last year, but discounting the negative effect of currency devaluation such as the Argentine peso and the Turkish lira, the increase represents 5.9%.
In a statement, the French group revealed that between January and March it sold 549,099 vehicles worldwide, 2.6% more than in the same months of 2023, reporting revenues of €10,446 million for its automotive division.
The turnover of that division fell 0.7% in raw data due to the effect of the devaluation of important currencies for the brand’s business – Argentina and Turkey – which subtracted €447 million, but in comparable data it increased by 3.6%.
According to Renault, this progression was due, first and foremost, to what the French brand calls «a commercial policy focused on increasing value and prices» to offset currency devaluations.
Thus, sales to individuals, which offer higher profitability, represented 66% of the total and sales of hybrids and electric vehicles together represented 48% for the Renault brand, eight percentage points more than a year earlier.
However, purely electric vehicles accounted for 10.5% of the Renault brand in the first quarter of the year, when in the same period of the previous year they accounted for 11%.
El director financiero del grupo francés, Thierry Pieton, afirmó que el porcentaje de vehículos eléctricos aumentará en los próximos meses beneficiándose del lanzamiento de nuevos modelos. Cabe recordar que Renault tiene programados 10 lanzamientos hasta finales de 2024 en todos los tipos de motorizaciones.
“Los ingresos del primer trimestre siguen ilustrando la aplicación rigurosa de nuestra política comercial centrada en el valor. La sólida cartera de pedidos a finales de marzo y nuestros próximos lanzamientos proporcionarán una aceleración secuencial de la actividad. Junto con un aumento en la reducción de costos, impulsarán nuestro rendimiento financiero”, subrayó Thierry Pieton.
