"Renault's European Sales Slump Amid Chinese Competition. The French carmaker has reported a 0.4 percent decline in sales through June, as European demand continues to feel the pressure from aggressive Chinese rivals. While Renault's brand volume received a boost from the popularity of its new R5 electric model, its budget-friendly Dacia brand struggled, with sales plummeting 8.7 percent due to a limited electric lineup. As the European market becomes increasingly saturated with electric vehicles, Renault must adapt its strategy to stay ahead of the competition and reverse its sales slide."
Renault sales dipped 0.4 percent through June as Chinese rivals pressured Europe. Renault brand volume grew on the success of the R5 electric, but Dacia fell 8.7 percent with a limited electric lineup ...
