Renault sales slide in first quarter

French automaker Renault says sales in the first quarter fell 11.6 per cent to $A10.55 billion. Source: AAP

FRENCH automaker Renault says sales in the first quarter of 2013 fell 11.6 per cent year-on-year to 8.27 billion euros ($A10.55 billion) but maintained its outlook for the year.

Vehicle sales worldwide fell by 4.7 per cent to 608,455 units, the company said, due to a poor performance in Europe where unit sales fell by 11.6 per cent, worse than the overall market which was down 10 per cent.

Renault added it believes the French and European markets will both contract by five per cent this year, despite the global market expanding a projected three per cent.

Sales in the Americas fell, down eight per cent in an overall market rising 1.6 per cent, which the company said was due to a plant renovation currently underway in Brazil.

Sales in Eurasia however skyrocketed 20.8 per cent, well above the market rise of 1.8 per cent and making Renault the biggest seller in Russia after domestic company Lada.

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