19/04/2023

Renault Group worldwide sales amounted to 535,000 vehicles in the first quarter, up 14.1% versus 2022 Q1. In Europe, Group sales were up 27.3% in a market up 16.2%

Commercial results: First quarter highlights



Renault Group recorded 535,000 sales in 2023 Q1, up 14.1% compared to 2022 Q1. In Europe, Group sales increased by 27.3% in a market up 16.2%.


Renault Group benefited from the successes of the renewal of its range with, for the Renault brand, Arkana, Megane E-TECH Electric and Austral, and for the Dacia brand, Jogger. The Group continued to concentrate on the most profitable channels: retail sales accounted for 68% in the five main European countries.


In Europe, Renault brand sales amounted to nearly 230,000 vehicles, up nearly 20% in 2023 Q1.


The brand continues to successfully develop its sales in value-creating segments:


• It maintains its leading position in the electrified market with a 24% increase in sales.
• In the C-segment, Renault recorded growth of more than 51% thanks to the success of its new models: Arkana, Megane E-TECH Electric and Austral.
• More than one out of two sales in our five main countries in Europe in the retail channel.


Dacia recorded sales up 41% to nearly 150,000 units in Europe thanks to the product momentum and new brand identity:


In 2023 Q1, in Europe, Dacia Sandero ranked first in retail sales and Dacia Duster remains on the podium of SUVs sold to retail customers.


The brand continues to expand its electrified product offering with Jogger Hybrid 140, the first hybrid in the range and the most affordable hybrid family car on the market.


First quarter revenue



Group revenue for 2023 Q1 amounted to €11.5 billion, up 29.9% compared to 2022 Q1. At constant scope and exchange rates, Group revenue was up 33.5%.


Automotive revenue reached €10.5 billion, up 29.7% compared to 2022 Q1.


Mobility Services contributed €9 million to 2023 Q1 revenue compared to €8 million in 2022 Q1.


Mobilize Financial Services (formerly RCI Bank and Services) posted revenue of €974 million in 2023 Q1, up 32.2% compared to 2022 Q1 due to higher interest rates and to the increase of new contracts coupled with higher average amount financed.


Average performing assets (€49.4 billion) increased by 13% compared to 2022 Q1. This is supported by vehicle restocking in the dealerships and by a 17.4% increase in new financing for the retail business.

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