Renault-Nissan-Mitsubishi Alliance Wins 2018 Global Auto Sales So Far
It’s hard to believe that 2018 is over half over. Final sales figures are in for the first six months of the year, and it looks like the Renault-Nissan-Mitsubishi Alliance is on track to keep the global sales crown it won in 2017.
Three working as one
The best-selling Alliance is made up of three independent automakers: Nissan, Renault, and Mitsubishi. Renault is the clear leader of the group, owning a 43.4 percent stake in Nissan. This is fair, considering in the late 1990s it was Renault that bought its piece of Nissan and sent over a new leadership team to help the struggling Japanese automaker. Nissan is next, owning a 15 percent stake in Renault and 34 percent of the newly-acquired Mitsubishi Motors.
Taking on the world
The Renault-Nissan-Mitsubishi Alliance sold 5.54 million vehicles in the months of January through June. This is up 5 percent from the same period. The slowing US auto market dropped Nissan’s sales 1.4 percent in the first half of the year, but Renault’s sales growth of 9.8 percent and Mitsubishi’s huge rise of 24.8 percent offset the loss to keep the brands on track for a good year.
In comparison, second place Volkswagen sold only 5.52 million vehicles, which includes sales from Audi and Porsche. Toyota, who once ruled the auto sales world, trailed behind with 5.2 million vehicles sold.
We’ll be watching the Renault-Nissan-Mitsubishi Alliance’s sales performance for the rest of the year. Time and tariffs will tell who gets to take home the crown for bestselling auto group in 2018.
News Source: Japan Times