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Renault grabs 6.4% share in Europe thanks to gains in vans

February 17, 2023

Renault has achieved a 6.4% market share in Europe, with 832,605 units sold in 2022, showing progress in high-value areas such as electrified vehicles, C-segment, retail market, and LCV business. Renault is now the third-leading electrified brand in Europe, with 228,000 vehicles sold in the PC market, representing a 12% increase from 2021. The E-Tech range, which includes BEV and hybrid powertrains, now makes up 39% of Renault passenger cars sales in Europe, while the market average is 31%.

Renault has achieved its retail target, with more than half of its vehicles sold to private customers, and the retail mix rose by 8% vs 2021 to reach 51%, which is 7% above the market average. Renault's C-segment sales are growing by 21%, with more than 200,000 registrations, and Renault Arkana is a success, with 80,000 sales in 2022, double the sales from 2021. In the European LCV market, Renault ranks second with a stable 14.4% market share, and it completed its LCV range with new Renault Kangoo E-Tech and Renault Master E-Tech electric vans. Renault was behind Ford who achieved a 15% market share, cementing their top position for the eighth year running.

Renault's sales volumes outside of Europe are stable at 634,124 units, and the share of sales outside Europe reaches 43.2% of total brand sales. Turkey becomes Renault's fourth market, with a volume of 99,639 vehicles sold, a 22.6% increase from 2021, and a market share up 1.7% at 12.7%. In Morocco, sales volumes rose by 11.4% to 26,385 vehicles, and market share reached a record for the last 10 years with 16.3% (+2.9%). In Latin America, Renault outperforms with 283,116 sales, representing an 8% increase from 2021.

Renault's Chief Operating Officer, Fabrice Cambolive, states that the team has delivered on their key priorities in 2022, with a focus on the growing electrified market, C-segment, and retail market. The E-Tech range meets customers' expectations, making Renault the third brand in Europe on the electrified market. In 2023, Renault's growth will be driven by their unique E-Tech range, a full year of sales of Megane E-Tech electric and New Austral E-Tech, as well as four important launches with high-quality vehicles.

Written by: thevanreviewer 

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