Renault first-half sales volume slumps 30% after Russia exit

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Reuters UK

By Gilles Guillaume PARIS (Reuters) -Car sales at Renault fell 30% in the first half of 2022 after the closure of its Russian operations, it said on Tuesday, one of the first Western carmakers to reveal the pain of losing the prized market in the wake of the Ukraine war. France’s Renault, the most exposed to the Russian market among Western auto manufacturers, said its worldwide sales fell 29.7% from last year to just over one million vehicles. Excluding the activities of its units Avtovaz and Renault Russia, the number of units sold was down 12% year-on-year. Renault shares fell 2.3%. Russia …

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