Renault-Nissan-Mitsubishi Achieves Record First-Half Sales of 5.54 Million Units

Press release
Published July 29th, 2018 - 05:53 GMT
Groupe Renault sold 2.1 million vehicles in the first half of 2018, setting half-year sales records for the Renault and Dacia brands.
Groupe Renault sold 2.1 million vehicles in the first half of 2018, setting half-year sales records for the Renault and Dacia brands.

Renault-Nissan-Mitsubishi, the world's largest automotive alliance, today announced that unit sales at its member companies rose 5.1 percent to a new record of 5,538,530 vehicles in the six months to June 30.

The three Alliance member companies saw increased demand in product segments including crossovers, sports utility vehicles, pick-ups as well as zero-emission electric and hybrid-electric models.

Of the core brands, Renault reported increased sales of the Clio, Captur and Scenic; Dacia posted half-year sales record; Nissan saw higher demand for models including the Note, Serena, X-Trail and Qashqai; and Mitsubishi Motors' volumes were enhanced by sales of the new Eclipse Cross and XPANDER.

Both Renault and Nissan reported strong demand in the electric vehicle (EV) segment. Renault secured 21.9 percent of the European EV market share with ZOE and Kangoo Z.E., which also holds 38 percent of the electric LCV market share. At Nissan, demand for the new LEAF contributed to EV sales of over 47,000 in the first half, and became the best-selling electric vehicle in Europe for the first half of this year with more than 18,000 registrations. Mitsubishi Motors remained the market leader in the PHEV SUV segment with continued orders for its hybrid-electric Outlander.

Carlos Ghosn, chairman and chief executive officer of Renault-Nissan-Mitsubishi, said: "Our member companies continue to lift unit sales in multiple markets, reflecting our brands' competitive and attractive offerings. This strong sales performance in the first half of 2018 shows we are on track with the forecast we set in our Alliance 2022 mid-term plan."

Under the six-year mid-term plan, Renault-Nissan-Mitsubishi is forecasting combined sales of more than 14 million units annually by the end of 2022, up more than 30 percent from the 10.6 million units sold by the Alliance member companies in 2017. The plan also involves deepening convergence between the member companies, including the use of common platforms and powertrains, while sharing innovation in electrification, connectivity and autonomous drive technologies.

Vehicles sold by the Alliance member companies accounted for approximately one in nine cars sold worldwide in the first half of the year. Among the different brands:

Groupe Renault sold 2.1 million vehicles in the first half of 2018, setting half-year sales records for the Renault and Dacia brands.

Background Information

Nissan Middle East

Nissan’s heritage in the Middle East goes way back to 1957, when the first Nissan vehicle was sold in Saudi Arabia. Since then the Nissan Legacy has taken deep roots in the hearts of the Middle East people by becoming an integral part of their lives.

Currently Nissan is one of the most popular and successful automobile brands in the Middle East boasting of a strong line-up ranging from popular passenger cars to powerful 4x4 series and commercial vehicles.

In its quest to closely understand the local needs of its customers, Nissan Motor Co. Ltd. in June, 1994 set up a regional Middle East head quarters in Dubai, thus becoming the first Japanese car manufacturer to accomplish this feat. The Nissan Middle East FZE office houses a highly sophisticated training center which serves as an excellent training ground for undertaking Nissan customer care and service activities.

Renault-Nissan Alliance

In 2014, the Alliance took a major step in its evolution with the convergence of four core business functions: Engineering, Manufacturing and Supply Chain Management, Purchasing and Human Ressources. The Alliance generated €4,3 billion in synergies in 2015, one year earlier than anticipated, and 5 billion in 2016. In 2017, Renault- Nissan- Mitsubshi reported a 14% increase in annualized #synergies to €5.7 billion.

 

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