Renault Bank announces record lending

August 05, 2014
Renault Bank announces record lending
Share:


The first month of the new 142 registration plate saw  the car market  up 61% on July 2013, and Renault Group enjoyed a slice of the action with over 2,000 registrations and a 9.5% market share, its highest market share of the year.

Renault’s own bank RCI had a bumper month lending a whopping €10 million to Renault and Dacia individual and business customers. This is a record July for the bank since it launched here almost three years ago.

Year to date the Renault Group is at 8% market share putting it in 5th position.

Renault Group was number one best performing in County Cork and number three in County Dublin.

Renault passenger car sales are up 153% at 6.1% market share with Clio performing well at number three in its segment, Captur at number one in its class and Fluence at number three in class.

Ireland’s fastest growing brand, which celebrated the second anniversary of its launch in the country in July passed 2,000 registrations year to date, and is up a whopping 141%  versus the market. Dacia, which first took to Irish roads in January 2013, now commands an impressive 2.8% market share with Duster number three in its class in July, a great achievement for a vehicle on the Irish market less than 18 months.

Sales of Light Commercial Vehicles (LCV) increased  in July by 97% and by 46% year to date compared to 2013.

Renault celebrated a return to the podium for LCV with a 13.9% market share last month and up an impressive 239%. Renault’s LCV offering will be boosted later this this year with the all new Trafic and Master arriving in dealership showrooms. The Kangoo performed extremely well in July coming in at number three in the total LCV segment with the Master coming in at number five.

Patrick Magee, Country Operations Manager, Renault Group Ireland:  “Great results for the industry and for Renault Group in July with the car market up 61% and LCV up 97%. We are very happy with our Group performance with over 2,000 new registrations and our highest market share year-to-date. Our own bank lent €10 million to our customers last month which was its best July since opening here just three years ago. Finishing in fourth position for the Group is a great achievement and to see Dacia continuing to perform as Ireland’s fastest growing brand and our LCV range on the podium makes for a good start to the new year!”.
PREVIOUS ARTICLE
Ford partners Gaelforce West event
NEXT ARTICLE
One in ten still use mobile phone while driving

More from DEALER

O'Brien Motor Group join MG in Mullingar

O'Brien Motor Group join MG in Mullingar

icon

MG Motor Ireland is delight...

Toyota Land Cruiser arrives in Ireland in June

Toyota Land Cruiser arrives in Ireland in June

icon

Toyota Ireland is excited t...

Kia EV3 wins World Car of the Year award

Kia EV3 wins World Car of the Year award

icon

The Kia EV3 has been hailed...

Changes to UK motor tax includes tax on EV's

Changes to UK motor tax includes tax on EV's

icon Changes have been implemented...
Drivers have ADAS trust issues

Drivers have ADAS trust issues

icon New research from future mobil...
EV sales rise as first quarter figures show overall gains

EV sales rise as first quarter figures show overall gains

icon

The Society of the Irish Mo...

More from AUTOBIZ