The Parc of Renault vehicles in United Kingdom attained a value of 1,143,453.44 Units in 2020
The indicator recorded a historical decline (CAGR) of 8.73% between 2017 to 2020, and is expected to decline by...
GlobalData projects the indicator to decline at a CAGR of...
Parc of Renault vehicles in the United Kingdom (2017 - 2025, Units)
Company Summary
Renault SA (Renault) is an automobile company. It designs, manufactures, sells, and distributes passenger cars, light commercial vehicles, and electric vehicles. The company also provides various services including sales financing, leasing, maintenance, and services contracts. Renault markets products under Renault, Dacia, Alpine, Renault Samsung Motors, AVTOVAZ, Jinbei and Huasong, and Lada brands. It distributes products through a network of primary and secondary dealers across the world. Renault has operations in Europe, Eurasia, the Middle East, North America, South America, Africa, and the Asia Pacific. The company has manufacturing facilities across the world. Renault is headquartered in Boulogne-Billancourt, Ile-de-France, France.
Parc status
Renault held the fifth position in the count of PARC by manufacturer ranking in 2015. It fell to seventh and ninth position in 2016 and 2017 respectively. In 2018, It has lost its position and stood at the last of the ranking list. It is projected to maintain the same ranking till 2021. However, globaldata predicts Renault to lose its spot for the top ten ranks of PARC by the manufacturer.
Renault’s ambitious plan to reinvigorate brand post-COVID
Renault’s leadership team took to the stage this morning to present the brand’s bold new business plan, dubbed ‘Renaulution’. The new strategy is built around the understanding that the company will now chase value rather than volume, aiming to make more profit from each sale rather than simply push for as many sales as possible.
Underlining this is the directive to ‘rightsize’ the company is slightly decreasing its production footprint from 2019 to 2025. This will mean removing some of the excess capacity that afflicts Renault’s network and will likely lead to some factory closures and redundancies for a proportion of its workforce. Trimming production down will help cut infrastructure costs and give the group greater agility when adjusting production in the future.
There will also be rationalization within the products that Renault makes. It plans to cut the number of platforms used across the group, allowing those platforms to work across more vehicle types. In addition, it will also cut the number of combustion powertrains from eight different types to four as it prepares to transition to electrified versions in the future. Again, cutting the variety of platforms and engines it makes will reduce costs, increasing profitability.
With a renewed focus on profitability, Renault will also adjust its international operations to prioritize higher-margin business. It highlighted operations in Latin America, India, and South Korea as areas of interest, while also wishing to build on its business in Spain, Morocco, Turkey, Romania, and Russia – the latter two countries are home to the group’s budget brands Dacia and Lada respectively, with more collaboration expected between the two.
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