Home > Auto > News > Renault sales fell 21.3% in 2020, focus on profitability in 2021

French automaker Renault said on Tuesday its 2020 worldwide sales fell by 21.3%, to 2.95 million vehicles, due to the impact of the Covid-19 pandemic on the global economy.

The drop in sales outstripped the 14.2% fall in sales for all producers globally last year, Renault said.

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Renault, which will unveil is strategic plan on Thursday, said it would continue to focus on "profitability rather than sales volumes".

"We are starting 2021 with a higher level of orders than in 2019, a lower level of inventory and a higher price positioning across the entire range", CEO Luca de Meo said in a statement.

This story has been published from a wire agency feed without modifications to the text.