Lada is doing well

AvtoVAZ sales are up, as is revenue, despite the shrinking market

42w ago

799

Taken from Renault Q3's report:

GROUPE RENAULT CONSOLIDATED REVENUES

(€ million)

2019 / 2018 / Change

AVTOVAZ ---- 767 / 716 / +7.1%

AVTOVAZ ---- 790 / 761 / +3.8%

AVTOVAZ ----- 791 / 627 / +26.2%

9 months YTD

AVTOVAZ ----- 2,348 / 2,104 / +11.6%

In Eurasia, market share increased by +1.8 points. Group sales increased by +5.1% despite

the fall of the Turkish market. Sales volume increased in Russia (+6.1%) in a market down

-1.2%, thanks in particular to the launch of Arkana and the continuing success of Lada products.

AVTOVAZ contribution to Group revenues amounted to €791 million in the quarter, up +26.2%,

after taking into account a positive exchange rate effect of €59 million. At constant exchange

rates, revenues would have been up +16.7%.