RENAULT SAYS: Renault South Africa stabilised its market share at 2.2% during June. An achievement similar to the previous month, it reflected a one third increase compared to June 2008.
Renault sales rose by 17% compared to June 2008, whilst new vehicle sales reported by NAAMSA showed a 24% decline in the market year-on-year. Compared to May 2009, Renault’s unit sales for June 2009 climbed by 15%.
“With the first six months of 2009 now behind us, we are extremely satisfied with Renault’s improving performance within a declining market,” says Régis Fricotte, Vice President of Marketing at Renault South Africa.
While the industry’s strong level of sales volumes to the car rental sector was largely unanticipated (in excess of 3 000 units and an increase of approximately 32% on June 2008), the retail market remained extremely depressed.
While the fundamentals that prevent a market recovery have not yet clearly evolved, consumer access to credit remains a key issue.
