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Renault Sales Slip |
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2006 Renault Scenic II Renault unit sales in Australia have decreased from 1,687 (Jan to Jun 2005) to 1,463 (Jan to Jun 2006), representing a 13.3% drop in sales! |
30th July, 2006 In first-half 2006, the Renault group's world-wide sales declined by 3.2% on first-half 2005 to 1,315,351 units, reflecting contrasting levels of performance:
Operating margin of 2.7% in first-half 2006 On a consistent basis, Renault reported revenues of €21,547 million (AU $35,879 million), up 0.4% on first-half 2005. The contribution of the Automobile Division to group revenues rose 0.2% to €20,560 million (AU $34,235 million). The decline in sales on the European market was offset by continued sales development outside Europe, the start of SM3 exports by Renault Samsung Motors for Nissan, a slightly positive currency effect (mainly in South Korea and Mercosur) and other Group businesses (sales of spare parts, powertrains and built-up vehicles to partners). On a consistent basis, the sales financing subsidiary, RCI Banque, contributed €987 million (AU $1.643 billion) to revenues, up 3.9% on first-half 2005 due to growth in insurance services and average loans outstanding. Note: Amounts in dollars are translated for the convenience of the reader at the foreign exchange rates of 1 Euro/1.665 dollar.
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