Dacia, still the fastest-growing automotive brand in Europe

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Dacia has firmly established itself as one of the cars with the highest growth in the region. As a result of its booming popularity, the Romanian automaker has increased its market share in Europe by 0.2 percent to 2.4 percent in Q3 compared to the same period last year, contributing to the advance of 6.7 percent of Renault’s revenues, according to a press release of the French group.

In a global automotive market up 3.2 percent, Renault group registrations were stable at 612,934 units. The Group gained market share in all Regions, except for the Americas.

In Europe, in a market up 5.5 percent, Renault group registrations increased 7.6 percent while market share rose 0.2 points to 9.3 percent. This result is due to the success of top-selling Renault Clio, Renault Captur, leader in its segment of crossovers, and Dacia Sandero, industry leader for the quarter in Spain.

In France, market share for the third quarter fell 0.5 points to a still high level of 25.8 percent. Cumulative share at the end of September came to 26.9 percent, 1.5 points higher than in the previous year. Renault Clio is still the best-selling vehicle in France, across all segments. The Group’s strong performance in the United Kingdom (+42.8 percent with 28,694 units) and in Southern Europe should also be noted: Italy (+30.1 percent), Spain (+24.0 percent) and Portugal (+28.2 percent). In the third quarter of 2014, Group revenues increased by 6.7 percent to EUR 8,530 million. Automotive revenues grew 6.7 percent to EUR 7,984 million.

Renault officials estimate the European market should increase by 5 percent this year (compared with 3 to 4 percent, as previously expected):  “Our main emerging markets should remain adverse and volatile in the fourth quarter”.

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