For Renault it's time to take stock. The first quarter this year has in fact been archived, and the Losanga giant has to deal with an apparently positive market trend: from January to March 2024, in fact, the group recorded sales of 549,099 vehicles worldwide, increasing by 2.6% compared to the first quarter of last year. Even greater growth in Europe alone: in this case we are faced with an increase of 4.3%.
Renault tractor
As expected, it was the Renault brand that confirmed itself as the one largest of the group: The Losanga brand alone continued to grow worldwide, with 365,356 units delivered in the first quarter of 2024, an increase of 3.1% compared to the first quarter of last year. Very positive data therefore, but which do not satisfy the top management: for this reason Renault is preparing to launch a total of 7 new vehiclessuch as 2 new 100% electric vehicles with Scenic E-TECH Electric and Renault 5 E-TECH Electric, 2 new hybrid vehicles in Europe such as Rafale E-TECH and Symbioz, the new Master in thermal and electric versions, and 2 new vehicles on non-European markets, Kardian and a D-SUV from Renault Korea Motors.
Dacia and Alpine
As for the other brands of the group, Dacia recorded a 3.6% increase in deliveries in Europe, with 153,439 units sold. Looking ahead to the rest of the year, the Romanian brand plans to improve these numbers even further thanks to the new Duster, which recorded over 18,000 orders in the first 30 days of launch even before its arrival in the dealer network at the beginning of summer, and to the new Spring. For what concerns Alpinehowever, the first quarter count stops at 1,065 registrations, for +88.8% compared to the same period of 2023: attention now shifts to next June 13, when the brand will present the A290 on the occasion of the 24 Hours of Le Mans, France, as the first 100% electric model made by Alpine.
Sales and turnover growing
A look also at the Renault group's accounts. The sales in the first quarter of the year it stood at 11,707 million euros, with an increase of 1.8% compared to the same period of 2023: at constant exchange rates, the Group's turnover increased by 5.9%. However, the turnover of the Automobile Sector fell, albeit minimally: it reached 10,446 million euros, 0.7% less than in the first quarter of 2023. As for 2024 as a whole, the French group has decided to confirm all your predictions: in particular we are talking about an operating margin greater than or equal to 7.5% and a free cash flow greater than or equal to 2.5 billion euros.
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