Renault's Hybrid Surge Drives 2024 Sales Growth

In 2024, French automaker Renault Group reported a 1.3% increase in global sales, with a strong fourth quarter driven by new launches and a growing share of hybrid and electric vehicles. The Group sold 2,264,815 vehicles worldwide, with Renault brand sales accounting for more than two-thirds of the total.

Renault's hybrid sales contributed significantly to the 2024 sales growth, with a 45.0% increase compared to 2023. This increase accounted for 25.5% of the Group's sales, a 7.5 point increase from the previous year. The Renault brand strengthened its second place in Europe with 40% of its ICE sales being hybrid vehicles.

Renault's hybrid models, such as the Austral, Clio, and Captur, performed particularly well in Europe, with a 45.0% increase in sales compared to 2023. This growth was driven by the Renault brand, which strengthened its second place in Europe with 40% of its ICE sales being hybrid vehicles.

Renault Group's electrification offensive continued in 2024, with 34.7% of its sales being electrified in Europe, a 4.3 point increase from 2023. Electric vehicles accounted for 9.0% of Renault Group's sales in a year of transition in terms of product plan, with the 4th quarter mix amounting to more than 12%, almost 5 points more than the rest of the year.

In 2025, Renault Group plans to launch 7 vehicles to support its electrification offensive in Europe, including the Renault 4 E-Tech electric, Dacia Bigster, Alpine A390, and Mobilize Duo & Bento. The Group will also continue to gain market share in its strategic regions in line with its International Game Plan.

Renault's hybrid sales growth in 2024 demonstrates the brand's commitment to offering a range of powertrain options to meet the diverse needs of its customers. As the market continues to evolve, Renault's focus on innovation and customer satisfaction will be key to maintaining its competitive edge.