Renault's Sales Slump Amid Intensifying European Competition from Chinese Rivals. Despite a modest boost in brand volume thanks to the popularity of its R5 electric model, Renault's overall sales dipped 0.4 percent in the first six months of the year. The French automaker is facing increasing pressure from Chinese competitors, which are expanding their presence in the European market. Meanwhile, Renault's budget-friendly Dacia brand struggled, seeing an 8.7 percent decline in sales due to its limited electric vehicle offerings.
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 ...
