European slowdown hits Renault’s sales

Renault’s sales fell in the first six months of the year. They were down 3.3 percent from the same period last year.

An increase in international sales, which were up 14.3 percent, failed to offset a 14.9 percent decline in Europe.

The French car maker was hopeful about full year sales. “The Group still expects 2012 unit sales to exceed the level reached in 2011, provided that there is no further deterioration of the market situation in Europe,” Renault sales chief Jerome Stoll said in the statement.

Growth in the global automotive market is expected to continue with a 5 percent increase in 2012, Renault said, forecasting a 6-7 percent decrease in Europe and a 10-11 percent drop in France.

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