Renault unit sales fell 9.4% in 2022 on supply issues

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Renault SA said Tuesday that deliveries fell 9.4% in 2022, as supply constraints weighed.

The French car maker
RNO,
+0.25%

said its worldwide sales came to 1.47 million units in 2022, down from 1.62 million in the prior year.

Renault said it lost market share in Europe, reaching 6.4%, down by 0.7 percentage points against 2021, though there was a stronger performances in Latin America, Turkey and Morocco, where sales rose 8%, 23% and 11% respectively.

Worldwide, passenger-car deliveries fell 8.5%, while light-commercial-vehicle deliveries fell 12.7%, it said.

The Paris-based company said it had a better model mix in 2022, with strong growth on C-segment–which includes medium-sized passenger cars–in Europe thanks to its Arkana and Megane E-Tech electric models.

Renault added that it sold 12% more electric vehicles on year.

Write to Ed Frankl at edward.frankl@dowjones.com



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