Renault Group sales fell 5.9% in 2022 to 2,051,174 vehicles, a fourth consecutive annual decline after capacity constraints and supply chain problems, according to a media report.
The group said its backlog in Europe was at a record 3.5 months of sales, Reuters reported.
A day after the publication of a 9.4% drop in sales in 2022 for flagship brand Renaultit said this was partially offset by the performance of its budget brand Dacia, which posted a 6.8% increase in sales.
The group said on Tuesday that the Renault brand, which accounts for two-thirds of group sales, was the third European brand for electric vehicle sales behind Toyota and Tesla (TSLA.O), with 228,000 units sold, up 12% corresponds to 2021.
Its executives have acknowledged that Tesla’s recently announced global price cuts were an issue that Renault – like its peers – would struggle with.
Separately, sports brand Alpine’s sales manager said the brand aims to maintain strong sales growth of its only car currently on offer, the premium A110 sedan, in 2023, Reuters added.
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“We will increase production by about 20%,” Emmanuel Al Nawakil told reporters on Wednesday.
The brand, whose sales are up 33% in 2022, said it will also rely on additional models to increase sales in the coming years — a small electric city car from 2024, followed by a compact SUV in 2025 and a new version of the A110.
It’s also exploring the possibility of launching two larger SUVs, likely electric.
In November, Renault announced a major overhaul that will see it split its operations into five divisions, deepen ties with China’s Geely and spin off its electric vehicle division through a public listing later this year. It is also in talks with Japanese partner Nissan (7201.T) to restructure their longstanding alliance.
