Paris: French automotive giant Renault Group increased its sales by 2.9% year-on-year in the first quarter of 2025, according to financial results the company released on Thursday. The company achieved this growth by producing 564,980 units during the quarter.

According to Anadolu Agency, in Europe, sales saw an increase of 2.8% during the same period, reaching 402,413 units sold. On the international market, the Renault brand experienced an 11.6% rise in sales, driven by significant growth in Latin America with a 21.1% increase, Morocco with a 45.5% increase, and South Korea, thanks to the brand's international game plan.

The group's revenues amounted to £11.675 billion (approximately $13.29 billion), which is a slight decrease of 0.3% compared to the same period last year, but an increase of 0.6% at constant exchange rates. The automotive revenue specifically amounted to £10.128 billion, marking a decrease of 2.2% at constant exchange rates compared to the first quarter of 2024.

The company maintained a commercial policy focused on value, with a retail channel mix at 58.5% of sales, which is 16.8 points above the market. The C-segment and above mix constituted 40.6% of sales. Renault Group's pricing strategy has allowed it to maintain residual values meaningfully higher than its direct competitors, as stated in the release.

Cost management remains a key priority for Renault Group. In response to a very unstable macroeconomic environment, the company has decided to proactively engage in additional cost reduction measures. Duncan Minto, CFO of Renault Group, commented on these efforts, stating, "These efforts will enhance our competitiveness."