Posted 1/24/2018 12:16:12 PM
The financial RCI granted loans in Spain for about 1,000 million euros in 2017
MADRID, 24 Jan. (EUROPA PRESS) –
The network of dealerships of the French automobile consortium Renault in Spain closed last year with an average return on turnover of between 1.65% and 1.7%, as announced by the general director of Renault Iberia, Iván Segal, who assured that the average per concession was 700,000 euros.
In a meeting with the press, the manager valued very positively the evolution of the profit of the points of sale, with a positive ‘cash flow’ that will allow them to continue making different investments.
Thus, he explained that his commercial network increased three tenths its profitability at the end of last year, with an increase of 32% in the value generated to its dealers. For the current year, the company’s forecast is to maintain these levels of profitability.
The Renault and Dacia brands registered a total of 184,719 passenger cars and commercial vehicles in the Spanish market during the past. Of this total, 128,418 units corresponded to the Renault brand (101,503 passenger cars and 26,915 commercial vehicles) and 56,301 units to Dacia (46,398 passenger cars and 9,903 commercial vehicles).
The Renault group closed last year with a penetration in the Spanish market of 12%. The diamond brand obtained a 9% share at the end of 2017, while the Romanian company accounted for 3.9%. Segal said that, in 2017, the Reanult brand led the registrations in Spain and managed to increase the difference with the second brand in the market to around 11,000 units.
ELECTRIC VEHICLES.
Regarding deliveries of electric vehicles, the CEO of Renault Iberia said that the arrival of the ZOE with 400 kilometers of autonomy was a major commercial boost, making the Renault firm to enroll 1,760 vehicles in the year just ended, 230% plus.
“One of every three electric cars sold in Spain was a Renault,” Segal said, noting that mobility without emissions represents a “strategic” chapter for the company. Likewise, he affirmed that the 500 vehicles contributed by the Zity shared mobility operator in Madrid contributed to this increase.
On the other hand, he highlighted the evolution experienced by the after-sales segment for the French consortium in Spain, with a turnover to dealers of about 300 million euros, which represents a 13% increase in activity.
1,000 MILLION IN FINANCING.
In addition, the chief commercial officer of the Renault and Dacia firms in the domestic market said that its financial division RCI Bank granted financing to its customers amounting to nearly 1,000 million euros during the past year.
Segal pointed out that during the year 2017 there were 120,000 financing transactions in Spain by RCI, with an increase of 15%. Of this total, 15,000 operations corresponded to second-hand vehicles, 30% more.
GROW IN LINE WITH THE MARKET.
Looking ahead to the year that has just begun, the manager considers that the total Spanish automobile market exceeds the barrier of 1.5 million units, which will translate into a 4% progression with respect to 2017, the same growth that the group this exercise.
Segal said that the first three quarters of the current year will be positive, but noted that there is some uncertainty for the last quarter due to the possible impact of the new European standard for the homologation of WLTP emissions, which will come into force on September 1.
In this context, the Renault brand will work to maintain the penetration recorded in the past year, while Dacia will improve one tenth and reach 4%. In addition, the Renault group will promote its strategy in the second-hand vehicle market and Segal said that 2018 will be “the year of the VO for Renault”.
HELP
On the other hand, the general director of Renault Spain asked the Government to implement a structural plan, in the medium and long term, to renew the aging Spanish automobile fleet, which is one of the oldest in Europe.
In this way, Segal did not demand the start-up of a new edition of the extinct Plan PIVE, which encourages the purchase of new cars in exchange for canceling an old one, but decided to carry out a tax reform, both in the registration tax as in the circulation tax.
Regarding the Movalt Plan, which sold out in a little more than 24 hours, he indicated that the problem is not the funds, but the way to distribute them, so he opted to start by encouraging the purchase of cars with alternative energies. and later a plan to promote infrastructures is implemented.