Renault returns to growth after 4 years of sluggish volumes By Reuters

© Reuters. A Renault Megane automotive is pictured at Brussels Motor Present, Belgium, January 18, 2019. REUTERS/Francois Lenoir/File Picture

(Reuters) – Renault (EPA:) on Wednesday posted a 9% enhance in world gross sales volumes in 2023 to 2,235,345 autos, returning to progress after 4 consecutive years of decline attributable to its strategic repositioning, its exit from the Russian market and provide chain snags.

The group noticed its volumes fall by 5.9% in 2022, after setting a gross sales document of three.88 million autos – vehicles and vans – in 2018.

The carmaker’s flagship Renault model, which accounts for greater than two-thirds of group gross sales, recorded a 9.4% enhance in gross sales in 2023, whereas its low-cost model Dacia achieved 14.7% progress over the identical interval, the group added.