PARIS, Jan 17 (Reuters) - A solid performance by Renault's
higher-value brands helped soften an overall drop in
annual worldwide group sales at the French carmaker, as its
focus on more profitable models pays off.
Renault's worldwide group sales fell for the third
year in a row in 2021, due notably to problems with the supply
of chips used in vehicles.
Renault, whose Chief Executive Luca de Meo has moved from a
strategy of chasing volume to creating value, said sales of
passenger cars and light vehicles fell 4.5% to 2,696,401 units.
Sales of the Renault brand were down 5.3% although sales of
the low-cost Dacia brand increased by 3.1%, Lada's sales
progressed by 0.3% while sales of the Alpine sport model jumped
74%.ts last year. Renault's shares rose around 2%.
"The sales policy initiated in the third quarter of 2020,
is leading to an increase in the share of sales in the most
profitable channels," Renault said in a statement.
Renault brand commercial boss Fabrice Cambolive said he
expected the Renault brand to increase in terms of net revenue
per model in 2022.
Renault said that in its five main European countries -
France, Germany, Spain, Italy and the United Kingdom - the share
of sales to retail customers now represented 58%, up 6 points
compared to 2019, before the start of the COVID-19 pandemic.
(Reporting by Dominique Vidalon; Gilles Guillaume
Editing by Sudip Kar-Gupta amd Emelia Sithole-Matarise)