Sales of Renault brand cars worldwide in the first half of 2022 decreased by 29.7% against the background of the withdrawal of the automaker from the Russian market, reports L’Usine Nouvelle. As the publication explains, having left Russia, the French company lost its second largest market, which expectedly had a negative impact on its performance.
“The collapse was expected,” is how L’Usine Nouvelle commented on Renault’s announced results for the first half of 2022. According to the publication, the group disclosed a “free fall” in sales of its products around the world on July 12.
Thus, in the first six months of 2022 the company’s sales fell by 29.7% to just over a million cars (1,000,199 units). As the weekly notes, this drop came after the carmaker lost its second biggest market, Russia. Outside Russia, the decline was 12%, “on the back of the semiconductor crisis”, Renault said in a statement.
According to the publication, the termination of the group’s operations in Russia deprived it of production volumes exceeding 270,000 vehicles in the first half of 2021 and led to Russia disappearing from the company’s top 15 markets, with Italy now taking its place.
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