2023 was a good year for the Renault group, mainly thanks to sales in Europe, and 2024 is a year of many launches, including the third-generation Duster and the updated version of the Spring Electric. Last year’s net profit was 2.3 billion euros, and the market capitalization was 12.3 billion dollars.

The Renault brand announces the release of seven new cars this year:

• two new, all-electric vehicles – the Scenic E-TECH Electric (which offers more than 600 km of autonomy in the WLTP cycle) and the Renault 5 E-TECH Electric.

• two new hybrid vehicles in Europe, including the Rafale E-Tech. new Renault Master (internal combustion engine and fully electric version).

• two new cars in markets outside Europe: the Kardian and the Renault Korea Motors model.

Renault’s market capitalization is $12 billion, and its lowest in recent years was in Apr 2022, when it fell below $7 billion. The best market cap in the last decade was in March 2018, with over $34 billion. The highest capitalization in history was in October 2007, more than 47 billion dollars.

The group’s global revenue rose 13% last year to 52.4 billion euros, particularly as sales in Europe went well and higher-priced models such as the Megane E-Tech performed well.

Net profit was 2.32 billion euros against a loss of 716 million euros in 2022, in which there were large costs due to the exit from Russia. Operating margin was 7.9% last year versus 5.9% in 2022.

The group says it has a “solid” order book in Europe, equivalent to 2.5 months of sales.

• Renault Group global sales increased by 9% compared to 2022 and reached 2,235,000 units. In Europe, sales increased by 18.6% with market growth of 13.9%.

• Renault is the best-selling French car brand in the world. The brand ranks 2nd in Europe (cars + forklifts), and is the leader in the European SUV market. Clio became the best-selling model in France in 2023 (all sales channels combined) and ranks 3rd in Europe.

• Dacia took 11th place in the European market (cars and trucks), rising 4 positions compared to the previous year. On the European car market, Dacia is among the top ten. At the same time, in the retail segment of Europe, Dacia took second place.

What Renault says about electric and hybrid cars

• The Renault brand took 3rd place in Europe in the segment of electrified cars, sales of which increased by 19.7% compared to 2022. They accounted for 39.7% of the brand’s car sales in Europe (11.3% of which were electric cars).

• This trend was supported by a 62% increase in hybrid vehicle (HEV) sales. Austral, Clio and Captur are among the 10 best-selling hybrid cars in Europe.

• Dacia has already started its electrification strategy: the Hybrid 140 version, launched in January 2023, already accounts for more than 25% of Jogger orders, and the Dacia Spring has retained the third place in the ranking of the best-selling electric cars in Europe. private clients.