Group Renault reaches 62.8% record market share in Algeria
APS : MONDAY 15 JANUARY 2018
PARIS – Group Renault has reached a 62.8% record market share in Algeria, said Monday the Group in a communiqué.
“In the Maghreb (North Africa), the group sales are up by 5.6% representing a market share of 42.4% (+4.1%).
This performance is driven by Algeria where the market share reached a record level of 62.8%, progressing by 11 points in comparison with last year,” has explained the group.
With the installation of five assembly units, including Renault, the Algerian market offers up to 260,000 cars. The Renault factory in Oued Tlelat (Oran, 341 km west of Algiers) plans to produce 80,000 cars in 2018.
Outside Europe, all the regions continue to progress in terms of volume and market share, said the source adding that the volume outside Europe made up 49.2% of total sales.
“We broke a new Group-wide record with more than 3.7 million vehicles sold in 2017. Our volumes and market share continue to grow in all regions. Our strategy for renewing the brand and expansion continues to pay off. In 2018, we will continue to grow and internationalize our online sales with our ‘Drive The Future plan’,” said Thierry Koskas, Executive Committee Member, Sales Director at Renault Group.
The two main brands of the French manufacturer, Renault (2.67 million vehicles) and Dacia (655 000 vehicles), have broken their sales records.
In Africa-Middle East-India, Group registrations were up 8.4% in a market that grew by 2.0%. The Market share increased 0.4 percentage points to 6.6%.
For electric vehicles, Renault maintains its leadership with a market share of 23.8%.
According to the Group, the global market is expected to grow by 2.5% in 2018, compared to 2017.
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