Renault Group’s global revenues were 8.53bn (£6.73bn) in the third quarter of 2014, up 6.7% compared to the same period in 2013.
This was the first quarter the group’s overall revenue increased year-on-year in 2014, after falling 0.1% in the first quarter and 5% in the second.
Of this, RCI Banque, Renault’s finance house, contributed 546m, compared to 515m in Q3 2013 , with the remaining revenue generated by automotive sales. In both the previous quarters RCI’s revenues grew.
The global number of new financing contracts was 301,588 in the third quarter of 2014, up 5.3% year-on-year.
Overall, in the first nine months of the year, total group revenues fell 0.3% compared to the same period in 2013, from 28.4bn to 28.35bn , while the financing arm of the group grew 3.4% over the same period, from 1.57bn to 1.63 bn.
Third quarter registrations
Globally, Renault Group registered 612,934 vehicles, and it described the market as stable,. Meanwhile, the group said falling Indian, Eurasian and American sales counterbalanced improving numbers elsewhere.
In the Americas region, Group registrations were down 20.6% year-on-year in the third quarter. In this region, Argentinian sales fell a notable 30%, which the Renault said was due to local financial conditions restricting imports.
Although Renault Group registrations in Eurasia were down 13% year-on-year in the third quarter, this was in the context of a market where registrations fell 20.3% in total. For example, in Russia, which is the group’s third largest market, registrations fell 14.7%.
However , its market share increased year-on-year 0.7%, to 7.8%. Similarly in Turkey, registrations fell 8.9% year-on-year in the quarter, but group market share fell just 1%.
In India, group registrations in the third quarter were down 13.3% compared to the same period in 2013, in a market which grew 10% in the same period.
It was a brighter picture in Europe, which accounted for 52% of Renault Groups registrations in the third quarter. Total group European registrations increased 7.6% year-on-year, which was a faster growth than the overall market experienced.
The growing UK market saw the most rapid growth, with registrations hitting 28,694 in the quarter – an increase of 42.8% compared to the same quarter 2013. Over the same period, Group registrations increased 30.1% in Italy, 24.0% in Spain and 28.2% year-on-year respectively in Portugal.