Renault’s product offensive into China and Iran pays off, lifting first-half sales
Paris — French car maker Renault posted record vehicle sales for the first half as a sustained product offensive lifted global deliveries by 10.4%, with a well-timed China SUV launch and a renewed push into Iran both contributing. Sales advanced to 1.88-million light vehicles in January-June, Renault said on Monday, at four times the rate of the global auto market’s 2.6% expansion. Renault, based in the Paris suburb of Boulogne-Billancourt, is reaping the rewards of a comprehensive overhaul of its lineup under chief designer Laurens van den Acker, who joined the company eight years ago. Sales have also benefited from a surge in European demand for the group’s no-frills Dacia brand and more recently from the success of its Captur mini-SUV. "Our strategy of range renewal and geographical expansion continues to produce results," sales chief Thierry Koskas said. Renault shares were up 1.7% in early session trading.
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