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Renault stock price is going up on the news about increase in sales

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Renault stock price is going up on the news about increase in sales
July 17
09:00 2017

A French automaker Renault has achieved impressive success. It became known that sales had increased by about 11% for the first half of 2017. If we turn to absolute figures, the concern has managed to sell 1.88 million cars for the first half of this year. At the moment, this value is a record for this time period.

The share of the French auto giant in the global automotive industry for the indicated period has increased by 0.3% and amounted to 4.1%.
The car company with headquarters in the suburbs of Paris promotes the following brands: Renault, Dacia, Lada and Renault Samsung Motors.

For each of the brand, the automaker recorded sales growth:
– Renault: by 9.7%, 1.34 million cars;
– Lada: by 12.2%, 150 thousand cars;
– Dacia: by 11.8%, 331 thousand cars;
– Renault Samsung Motors: by 12,5%, 52,8 thousand cars.

As for the growth in geographical location, the largest increase (50.5%) was recorded in the Asia-Pacific region. A region that unites Africa, India and the Middle East is on the second place (19.3%). Excellent success (14.6%) was achieved in South and North America. Europe (without France) has bought 7.8% more cars of the concern than for the same period last year.
At the moment, cars produced by the concern are sold best at home, in France (about 368 thousand), the second market is the Russian Federation (200 thousand).

Renault stocks are rising in price on the positive reporting. The growth for Monday was 1.9%. The trend will continue in the next few days.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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