Renault Faces Intense Competition in Europe as Sales Slump. Despite a modest increase in brand volume driven by the popularity of its R5 electric model, Renault's overall sales dipped 0.4 percent through June. The French automaker is struggling to keep pace with its Chinese rivals in the European market, where competition is intensifying. Meanwhile, Renault's budget-friendly Dacia brand suffered a significant decline of 8.7 percent, highlighting the need for the company to expand its electric offerings to appeal to a wider range of consumers.
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 ...
