Renault says 3rd quarter sales up on strong European car market

PARIS – Renault says its sales rose 9.4 per cent in the third quarter as buoyant car markets in Europe helped offset declines elsewhere.

Renault said sales rose to 9.3 billion euros (US$10.2 billion) in the period, up from 8.5 billion euros a year earlier.

The French car maker said new registrations in its core Europe market rose 6.5 per cent, underperforming the overall market which grew 9.8 per cent. Renault blamed the underperformance on its low-cost Dacia brand. Renault-badged vehicle registrations rose 9.8 per cent in the quarter.

The company said it’s still on track to increase revenue and registrations this year, despite emerging markets that it said would be “adverse and volatile” in the fourth quarter.