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Renault revives car sale in Iran market

Business Materials 19 May 2018 13:12 (UTC +04:00)

Baku, Azerbaijan, May 19

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French carmaker Renault’s sales in Iran market has revived in April after experiencing fall in first months of the current year.

The company sales in the Islamic Republic’s car market stood at 8,576 in April, Renault said in its latest monthly statistics.

Renault sales in Iran’s market registered a rise by 21.6 percent year-on-year.

The company’s share from Iran’s market increased to 17.15 percent in April compared to 16.4 percent in the same month of 2017.

Renault sales in Iran market in January-April 2018 reached 46,357, which was 1.9 percent more year-on-year. The sale was equal to 9.3 percent share of country’s car market.

The company’s worldwide sales in January-April 2018 stood at 1.27 million units, up by 6.5 percent compared to the same period of 2017.

The French carmaker sales in Iran’s market witnessed a rise by 49.33 percent in 2017 and amounted to 162,079 units.

The 2016 sales of Renault in Iran boomed by 110.7 percent to give the French carmaker an 8.4 percent market share. According to the company statistics, the carmaker sold 108,536 units in Iran in 2016.

The Iranian car industry’s total sales volume in January-April 2018 was 499,972 according to Renault data, which is 11.6 percent more, year-on-year.

The sale volume in April increased by 16.3 percent year-on-year and reached 50,000 units in Iran’s car market.

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