Latest news with #IvanSegal
Time of India
5 days ago
- Automotive
- Time of India
Renault second-quarter sales volumes flat on drop in demand for vans
Renault reported zero growth in second-quarter sales volume on Wednesday, after a plunge in demand for vans in Europe offset growth in passenger cars. The French automaker, which had warned last week of weaker than expected June sales volumes, said its second-quarter sales were down 0.1%, despite a raft of new vehicle launches. That compared with growth of 2.8% in the first quarter. "Throughout the first half of the year, we have seen increasingly fierce competition between players in the European commercial vehicle market ," said Ivan Segal, global sales and operations director for the Renault brand, which represents 70% of the French automaker's sales. "Demand is difficult, we sense an economic context full of uncertainty, certainly leading companies to postpone a certain number of purchases," he told reporters. Renault is currently being run by its finance chief Duncan Minto as it searches for a new chief executive to replace Luca de Meo, who departed this month. The company, which will publish its full half-year figures on July 31, also last week revised down its full-year operating margin and free cash flow forecasts. While Renault brand car sales increased by 8.4% in the first half, thanks in particular to the Clio, a best-seller in Europe, sales of highly profitable vans and light commercial vehicles, which make up a fifth of Renault sales volumes, fell by 29%. The decline was exacerbated by an unfavourable base effect and an update to its product offering. Sales of Renault brand electric vehicles jumped 57%, however, outperforming a market that grew by 25%, thanks to the success of the R5 in France, Germany and Spain. The A290, the new electric model under Renault's Alpine premium sports brand, helped the brand post an 85% jump in registrations in the first half of 2025. Segal said he expects the Renault brand to regain market share in commercial vehicles in the second half. He added overall growth would be "in line" with the first half while the brand would see double-digit growth outside Europe. Renault generates more than 70% of its sales in Europe, which has protected it from the trade disruptions linked to U.S. tariffs but makes it vulnerable to any slowdown on the continent where competition from new Chinese entrants is rising. Seeking higher growth markets, the Renault brand has been rolling out new models in Latin America, Turkey, Morocco and Korea, which resulted in a 16.3% increase in sales outside Europe in the first half of the year.
Business Recorder
6 days ago
- Automotive
- Business Recorder
Renault second-quarter sales volumes flat on drop in demand for vans
PARIS: Renault reported zero growth in second-quarter sales volume on Wednesday, after a plunge in demand for vans in Europe offset growth in passenger cars. The French automaker, which had warned last week of weaker than expected June sales volumes, said its second-quarter sales were down 0.1%, despite a raft of new vehicle launches. That compared with growth of 2.8% in the first quarter. 'Throughout the first half of the year, we have seen increasingly fierce competition between players in the European commercial vehicle market,' said Ivan Segal, global sales and operations director for the Renault brand, which represents 70% of the French automaker's sales. 'Demand is difficult, we sense an economic context full of uncertainty, certainly leading companies to postpone a certain number of purchases,' he told reporters. Renault is currently being run by its finance chief Duncan Minto as it searches for a new chief executive to replace Luca de Meo, who departed this month. The company, which will publish its full half-year figures on July 31, also last week revised down its full-year operating margin and free cash flow forecasts. While Renault brand car sales increased by 8.4% in the first half, thanks in particular to the Clio, a best-seller in Europe, sales of highly profitable vans and light commercial vehicles, which make up a fifth of Renault sales volumes, fell by 29%. The decline was exacerbated by an unfavourable base effect and an update to its product offering. Sales of Renault brand electric vehicles jumped 57%, however, outperforming a market that grew by 25%, thanks to the success of the R5 in France, Germany and Spain. The A290, the new electric model under Renault's Alpine premium sports brand, helped the brand post an 85% jump in registrations in the first half of 2025. Segal said he expects the Renault brand to regain market share in commercial vehicles in the second half. He added overall growth would be 'in line' with the first half while the brand would see double-digit growth outside Europe. Renault generates more than 70% of its sales in Europe, which has protected it from the trade disruptions linked to U.S. tariffs but makes it vulnerable to any slowdown on the continent where competition from new Chinese entrants is rising. Seeking higher growth markets, the Renault brand has been rolling out new models in Latin America, Turkey, Morocco and Korea, which resulted in a 16.3% increase in sales outside Europe in the first half of the year.
Auto Express
6 days ago
- Automotive
- Auto Express
Renault is now Europe's second biggest car brand thanks to one small supermini
Renault will stay resolute in its commitment to full-hybrid and electric cars, largely dismissing the usefulness of plug-in hybrids as it transitions to a fully electric range. Renault has just been crowned number two car manufacturer in Europe – behind Volkswagen but now ahead of Toyota – in the first half of 2025. Advertisement - Article continues below When asked whether the firm had any plans to chase down its German rival, Renault's global sales and operations director, Ivan Segal, told Auto Express he would 'stick to the plan' by offering buyers 'the right powertrain' – rather than muddying the waters with too much choice. Renault sold almost 395,000 cars in Europe in the first half of 2025, 41 per cent of which were hybrids made up of Clio, Captur, Symbioz, Austral and Rafale. A further 16 per cent were EVs (up 57 per cent on 2024) – fuelled mainly by the launch of the new Renault 5. The firm hopes to further lower its 94.2g/km average emissions per vehicle going forward – a figure that's already down almost 12 per cent year-on-year. Auto Express can help you find your next car, whether its hybrid, plug-in hybrid or a full EV – we've got thousands available via our Find a Car service . '[Renault's] strategy is a good one,' Segal insisted. 'Full hybrid on one side, and the EV on the other. We don't know the speed at which they'll grow, but we know this is where it will grow. Skip advert Advertisement - Article continues below 'Maybe with EV, the expectation was to have a much faster growth, but the fact that we are balanced with the line-up, for us it is a kind of sustainable growth for the future,' he told us. 'We know that regulation can change, but we believe that we've got the right powertrain, the right range, to be stable and balanced depending on what will be decided, or the evolution of demand'. Talking about plug-in hybrids, Segal said: 'We see this market is not growing at the speed of the full-hybrid market in Europe. It depends on the regulation; in some markets PHEV is pushed by the regulation, but less and less. 'So we continue to think that full hybrid is the right solution for customers coming from diesel, not willing to go directly to EV and trying to find the right balance between these two worlds. We believe full hybrid is globally simple for our customer,' he said. It means that alongside the hybrid models listed above, the firm's flagship Rafale SUV is likely to remain Renault's only plug-in hybrid offering: 'For some specific needs usage with a huge number of kilometres, we believe that PHEV can be a good solution in terms of consumption,' Segal told us. 'But globally, we stick to our plan. Two legs: full hybrid on one side, EV on the other'. Configure your perfect Renault 5 through our Find a Car service now. Alternatively, check out the best deals out there on a new Renault 5 from stock or top prices on used Renault 5 models... Find a car with the experts Vegans, and cows, rejoice! Renault signs PETA deal to cut leather from cars The brand already doesn't offer leather in the UK, but this will now extend worldwide Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond These are the most important new cars headed our way, from brands including Audi, BMW, Dacia, Ferrari, Ford, Skoda and more Best cars & vans 23 Jun 2025 The man who saved Renault is leaving. Here's why you'll miss Luca de Meo Luca de Meo revived Renault from crippling losses and gave us the new 5 and Alpine A390. He's one of the greats New entry-level Renault Symbioz is £3k cheaper than a Nissan Qashqai The Renault Captur has also been fitted the new full-hybrid powertrain, which gets a bigger battery for more pure-electric driving MG4 and MGS5 EV prices slashed in reply to Government Electric Car Grant MG4 and MGS5 EV prices slashed in reply to Government Electric Car Grant In order to boost sales, MG is announcing its own a £1,500 grant for some of its EVs Range Rover's secret mid-size EV: Inside its £500m factory Range Rover's secret mid-size EV: Inside its £500m factory We take an exclusive look inside JLR's revamped Liverpool site as the brand gears up for EV production Chinese cars will take over as Britain's best sellers Chinese cars will take over as Britain's best sellers With a dramatic rise in sales, Mike Rutherford thinks it's only a matter of time before Chinese cars outsell all other countries in the UK
Auto Car
6 days ago
- Automotive
- Auto Car
Renault: Electric car grants needed 'for some years' to come
Renault's global sales boss Ivan Segal has welcomed the UK government's introduction of grants for electric vehicle buyers, saying that such support will be needed to stimulate demand 'for some years' to come. The French manufacturer has just released its sales results for the first half of 2025, with notable gains in sales of both its EV and hybrid line-ups. That has helped the firm to sell 394,278 passenger vehicles in the European region, a rise of 8.4% despite the overall market dipping by 1%.
Time of India
6 days ago
- Automotive
- Time of India
Renault second-quarter sales volumes flat on drop in demand for vans
Renault reported zero growth in second-quarter sales volume on Wednesday, after a plunge in demand for vans in Europe offset growth in passenger cars. The French automaker, which had warned last week of weaker than expected June sales volumes, said its second-quarter sales were down 0.1 per cent, despite a raft of new vehicle launches. That compared with growth of 2.8 per cent in the first quarter. "Throughout the first half of the year, we have seen increasingly fierce competition between players in the European commercial vehicle market ," said Ivan Segal, global sales and operations director for the Renault brand, which represents 70 per cent of the French automaker's sales. "Demand is difficult, we sense an economic context full of uncertainty, certainly leading companies to postpone a certain number of purchases," he told reporters. Renault is currently being run by its finance chief Duncan Minto as it searches for a new chief executive to replace Luca de Meo, who departed this month. The company, which will publish its full half-year figures on July 31, also last week revised down its full-year operating margin and free cash flow forecasts. While Renault brand car sales increased by 8.4 per cent in the first half, thanks in particular to the Clio, a best-seller in Europe, sales of highly profitable vans and light commercial vehicles, which make up a fifth of Renault sales volumes, fell by 29 per cent. The decline was exacerbated by an unfavourable base effect and an update to its product offering. Sales of Renault brand electric vehicles jumped 57 per cent, however, outperforming a market that grew by 25 per cent, thanks to the success of the R5 in France, Germany and Spain. The A290, the new electric model under Renault's Alpine premium sports brand, helped the brand post an 85 per cent jump in registrations in the first half of 2025. Segal said he expects the Renault brand to regain market share in commercial vehicles in the second half. He added overall growth would be "in line" with the first half while the brand would see double-digit growth outside Europe. Renault generates more than 70 per cent of its sales in Europe, which has protected it from the trade disruptions linked to U.S. tariffs but makes it vulnerable to any slowdown on the continent where competition from new Chinese entrants is rising. Seeking higher growth markets, the Renault brand has been rolling out new models in Latin America, Turkey, Morocco and Korea, which resulted in a 16.3 per cent increase in sales outside Europe in the first half of the year.
