The Renault group celebrates the first half of the year with increased sales & market leaders.

Groupe Renault sets a half-year sales record with 1.88 million vehicles sold, up 10.4 per cent

• 1.88 million vehicles sold in the first half of 2017, an increase of 10.4 per cent in a market that grew 2.6 per cent .
• All group brands posted increases in sales volumes and market share. The Renault and Dacia brands set half-year sales records. Renault ranks as the second most sold brand in Europe.
• All Regions increased their sales volumes and market share. In particular, the Group recorded a 19.3 per cent rise in sales in the Africa-Middle East-India Region and a 50.5 per cent increase in the Asia-Pacific Region.
• Renault confirms its growth ambitions in 2017, driven by its renewed range, new product launches and the development of its international business activities. 

Groupe Renault PC + LCV registrations worldwide (including Lada) increased 10.4 per cent in the first half of the year, in a market up 2.6 per cent. Group market share now stands at 4.1 per cent (up 0.3 points on 2016). 

The Group and the Renault and Dacia brands set half-year sales records. The group sold 1,879,288 vehicles, the Renault brand 1,342,320 vehicles and the Dacia brand 332,845 vehicles. Renault Samsung Motors sales rose 12.5p er cent and those of Lada rose 12.2 per cent. 

"We set a new record with sales of over 1.88 million vehicles in a six-month period. Our sales volumes and market share increased for all our brands and in all Regions. Our strategy of range renewal and geographical expansion continues to produce results" said Thierry Koskas, member of the Executive Committee and Group Executive Vice President, Sales and Marketing. 

In Europe, group registrations continued to grow faster than the market. They increased 5.6 per cent in a market up 4.4 per cent to a total 1,025,146 in the first half of the year. The Group took a 10.8 per cent share of the European market, up 0.1 points. 

The Renault brand alone posted growth of 4.3 per cent, for a market share of 8.2 per cent. Renault benefited in particular from the complete renewal of the Mégane family in 2016. Clio 4 is the second best-selling vehicle in Europe, while Captur ranks as the number one crossover in its category.

Renault maintained its lead in the electric vehicle segment with a market share of 26.8 per cent. Sales volumes increased 34 per cent. Registrations of ZOE, Europe's top-selling electric vehicle, rose 44 per cent. 

The Dacia brand posted a first-half-year sales record in Europe with 245,453 vehicle registrations (up 9.3 per cent) and a 2.6 per cent share of the market. These results were driven by the performance of Sandero phase 2, launched in late 2016, and Duster. 

In France, the Renault brand achieved its best half-year performance in passenger cars in six years. Twingo, Clio, Talisman and Espace all led their respective segments. Dacia topped its sales record with Sandero, the leader in the market of passenger car sales to retail customers. ZOE remains the clear leader in the electric vehicle market, accounting for almost 70 per cent of electric passenger car sales in France with over 9,200 registrations – a year-on-year increase of over 42 per cent. 

Outside Europe, all the Regions increased their sales volumes and market share. Group registrations rose 16.8 per cent in a market that grew 3.4per cent. 

Groupe Renault strengthened its positions with the success of its range: QM6 and SM6 in South Korea, Kaptur, Vesta and Xray in Russia, Koleos in China, Mégane Sedan in Turkey and Oroch in the Americas. 

In the Africa-Middle East-India region, Group registrations rose 19.3 per cent for a market share of 6.4 per cent, up 1.1 points. 

In Iran, sales rose 100.3 per cent for a market share of 9.8 per cent (up 4 points) thanks to the success of Tondar and Sandero. 

In India, Renault continues to rank as the number-one European car brand, with a market share of 3.3 per cent.

In North Africa, group sales grew 10.1 per cent in a market down 8.3 per cent. The Group took a 43 per cent share of the market, up 7.2 points. 

In Eurasia, registrations rose 8.6 per cent in a market that grew 2.5 per cent. The market share of the Group, now including the Lada brand, increased 1.4 points to 24.5 per cent, notably through strong momentum in Russia. 

Returning to growth for the first time in four years, the Russian market grew 6.9 per cent in the first half of the year. The Group increased its sales by 14 per cent (including Lada). 

Lada sales grew almost twice as fast as the market, increasing 12.8 per cent for a market share of 19.5 per cent (up 1 point), driven by the success of the new Vesta and Xray models.

The Renault brand claimed an 8.5 per cent share of the market, up 0.7 points. Kaptur registrations totaled more than 14,140 units for the half-year period. 

With the consolidation of Lada sales volumes, Russia now stands as the group's number-two market. 

In the Asia-Pacific Region, registrations increased 50.5 per cent in a market up 3.6 per cent. 

In China, Renault sold nearly 36,000 vehicles (compared with 9,771 in first-half 2016), of which 21,000 New Koleos, launched in late 2016 and produced locally. 

Renault Samsung Motors posted a 12.5 per cent increase in South Korea in a market that contracted 4.2 per cent. The brand's market share came out at 6.9 per cent (up 1 point) thanks to the success of the latest product launches (SM6 and QM6). 

In the Americas Region, sales grew 14.6 per cent in a market up 8.3 per cent for a market share of 6.5 per cent, up 0.4 points. Sandero, Logan and Duster Oroch confirmed their success. 

Groupe Renault continued to take full advantage of the market recovery in Argentina, increasing its registrations 45.6 per cent in a market that grew 34 per cent. Market share increased 1.1 points to 13.3 per cent. Renault has benefited from the local production of Sandero and Logan since the end of 2016. 

The market in Brazil grew 4.2 per cent in the first half of the year. The group took advantage of the trend, reporting a 5.1 per cent increase in sales and a 7.4 per cent share of the market. 

MARKET OUTLOOK IN 2017 FOR GROUPE RENAULT 

In 2017, the global market should see growth of around 1.5 per cent to 2.5 per cent. The European market is still expected to grow 2 per cent over the period. The French market is expected to expand by 2 per cent. 

Outside Europe, the Russian market could grow by more than 5 per cent and the Brazilian market by 5 per cent. The growth momentum is expected to continue in China (+5 per cent) and India (+8 per cent). 

In the second half of the year, the Group will continue to take full advantage in Europe of its renewed range and internationally of the momentum of Koleos in China, Kaptur, Xray and Vesta in Russia, QM6 and SM6 in South Korea, and the new SUV range in Latin America. 

Groupe Renault therefore confirms its 2017 sales objectives with growth in sales and market share in Europe and outside Europe. 

Groupe Renault moves forward with a massive increase in group revenues helped by a 10% growth in sales Units.

• Group revenues totaled €13,129 million in first quarter 2017 (€12,560 million excluding AVTOVAZ). The 25.2% increase (19.7% excluding AVTOVAZ) resulted primarily from an increase in the Group’s brand volume and sales to partners.
• First quarter sales rose by 15.8% to 873,678 vehicles (at constant scope, including Lada) in a market that grew 4%.
• Sales volumes and market share increased in all regions. The Renault and Dacia brands set new sales records for a first quarter.
• In Europe, Group registrations rose 10% in a market up 8%, driven by new models and the confirmation of the good results of Kadjar, Clio 4, Captur and Duster. 
• UK is Groupe Renault’s fifth biggest market globally in Q1 2017
• Outside Europe, the Group posted a 100% increase in sales in Asia-Pacific and a 31% increase in the Africa-Middle East-India Region.
• The Group is confirming its guidance for the year.

Sales Results: first quarter highlights

Groupe Renault (including Lada) worldwide registrations (Passenger Car + LCV) increased by 15.8% in a market up 4%. The Group’s share of the world market now stands at 3.8%, up 0.4 points on 2016. The Renault and Dacia brands set new sales records for a first quarter. Renault Samsung Motors sales increased by 56.3% and those of Lada by 7%.

In Europe, the Group’s share of the PC + LCV market increased 0.2 points to 10.1%. Sales grew 10% to 478,706 vehicles. 

The Renault brand continued to progress, with a 10.1% rise in registrations. Market share came out at 7.7%, up 0.1 points. Renault notably benefited from the complete renewal in 2016 of the Megane family car line-up. 

Electric vehicle sales increased by 46% to nearly 10,000 units (excluding Twizy) thanks to the success of New ZOE with an official range of 250 miles (NEDC). Sales of ZOE rose 57% and reinforced the Group’s leadership with a 28% share of the electric vehicle market. 

The Dacia brand posted a sales record for a first quarter with 112,457 registrations and a 2.4% share of the market. This 9.5% growth resulted from the performance of New Sandero – the facelifted model launched in late 2016.

In France, Groupe Renault benefited from the growth of the market with a 5.6% increase in registrations. The Group placed five vehicles in the top ten best-selling passenger cars (including the top-seller, Clio) and occupied the top four positions in the LCV top ten. The Dacia brand was buoyed by the success of Sandero (the leader in sales to retail customers).

In the UK, Groupe Renault has experienced unprecedented growth over the last five years. This growth has continued in 2017 with 39,498 Groupe Renault vehicles being sold in Q1 – up 3.8% on Q1 2016. The UK is Groupe Renault’s fifth biggest market worldwide.

Outside Europe, all the Regions increased their sales volumes and market share.

Groupe Renault strengthened its positions with the success of its range: Kwid in India, QM6 and SM6 in South Korea, Kaptur in Russia, Koleos in China, Megane Sedan in Turkey, and Captur in the Americas.

In Africa-Middle East-India, Group registrations rose 30.9% for a market share of 6% (up 1.4 points).

Sales in Iran rose sharply (up 161.5%) for a market share of 9%, up 4.9 points, thanks to the success of Tondar and Sandero.

In India, Renault continued to rank as the number-one European brand with a 3.6% share of the market and a 9.9% increase in sales. Kwid registrations reached nearly 27,000.

In North Africa, the Group took a 41.5% share of the market, up 8.3 points with a 13.4% increase in sales.

In Eurasia, registrations increased by 6.3% in a market down 0.5%. The market share of Groupe Renault, now including the Lada brand, rose 1.5 points to 24.1%, notably thanks to a strong momentum in Russia.

In a Russian market that grew slightly (+1%) for the first time in four years, the Group increased its sales by 9.2% (including Lada).

The Renault brand took a 8.1% share of the market, up 0.8 points. Registrations of Kaptur, launched in June 2016, came to over 6,000 for the quarter.

Lada sales volumes rose 8% for a market share of 19.1% (up 1.2 points) thanks to the success of the new Vesta and Xray models. 

With the consolidation of Lada sales volumes, Russia has become the Group’s number-two market.

In Turkey, sales increased 0.8% in a market down 7.4%. The Group posted a 19% share of the market, up 1.5 points. New Mégane Sedan, awarded “Car of the Year”, is off to a successful start with over 6,500 registrations.

In the Asia-Pacific Region, registrations were up 99.7% in a market up 4.6%. 

In China, Renault sold nearly 18,000 vehicles (compared with 3,400 in first-quarter 2016), including 10,000 New Koleos, launched at end-2016 and produced locally at a new plant in Wuhan.

Renault Samsung Motors posted a growth of 56.4% in a South Korean market up 0.9%, for a market share of 6.2%, up 2.2 points, driven by the success of the latest product launches (SM6 and QM6).

In the Americas region, sales increased 19% in a market up 9%, for a market share of 6.3%, up 0.5 points. The success of Sandero, Logan and Duster Oroch models was confirmed.

Groupe Renault continue to take full advantage of the recovery in the Argentinean market, with an 87.2% increase in registrations in a market up 42.8%. Market share rose by 3.1 points to 13.1%. Renault is fully benefitting from the local production of Sandero and Logan since end-2016. The market in Brazil has stabilized (down 1.2%) and the Group maintained its market share at 6.8%.

First quarter revenues by operating sector

Group revenues came to €13,129 million in first quarter 2017, up 25.2%. Excluding the impact of the consolidation of AVTOVAZ, Group revenues increased by 19.7% to €12,560 million (up 18.4% at constant exchange rates).

Automotive excluding AVTOVAZ revenues totaled €11,939 million, up 20.1%, mainly thanks to growth in sales volumes (up 9.2 points). The increase in sales to partners contributed 3.5 points to this growth. The performance reflects the strong momentum in our CKD1 activity in Iran and China and in the sales of vehicles assembled in Europe (notably with the start of Nissan Micra production). The price effect (+2.4 points) benefited primarily from recent launches. The currency effect was positive at 1.3 points, mainly owing to the strengthening of the Russian ruble and Brazilian real, despite the negative impact of the British pound.

Sales Financing (RCI Banque) posted revenues of €621 million in the first quarter, up 13.5% on 2016. The number of new financing contracts increased by 21.4%. Average performing assets rose 21.9% to €37.9 billion. 

Outlook for 2017

In 2017, the global market is expected to a record growth of 1.5% to 2.5% (versus 1.5% to 2% previously). The European market is still expected to increase by 2% this year, as is the French market. 

Outside Europe, the Russian market might increase by up to 5% (versus stable previously), whereas the Brazilian market should remain stable. China (+5%) and India (+8%) are expected to continue their growth momentum. 

With this context, and following the consolidation of AVTOVAZ, Groupe Renault is confirming its guidance:

• increase Group revenues, beyond the impact of AVTOVAZ (at constant exchange rates)*,
• increase Group operating profit in euros*,
• generate a positive automotive operational free cash flow.

* compared with 2016 Groupe Renault published results

Groupe Renault consolidated revenues

(€ million)	2017	2016	Change
			2017/2016
Q1
Automotive excluding AVTOVAZ	11,939	9,942	+20.1%
Sales Financing	621	547	+13.5%
AVTOVAZ	750	-	-
AVTOVAZ eliminations	-181	-	-
Total	13,129	10,489	+25.2%
Excluding the impact of AVTOVAZ consolidation	12,560	10,489	+19.7%

1CKD: Complete Knock Down

Best February of all time: ŠKODA global deliveries increase to 81,200 vehicles (+ 3.1%).

• Best February of all time: ŠKODA global deliveries increase to 81,200 vehicles (+ 3.1%)
• Double-digit growth rates in Central and Eastern Europe (+ 12.9% and + 13.3%), India (+ 12.8%) and Israel (+ 19.8%)
• ŠKODA presents six new models at the Geneva Motor Show

ŠKODA continues along the path of growth in 2017. The Czech car manufacturer delivered 81,200 vehicles to customers worldwide in February; 3.1% more than in the same period last year (February 2016: 78,800). 

ŠKODA sold more cars than any February in its history. The Czech manufacturer achieved double-digit growth in Central and Eastern Europe (+ 12.9% and + 13.3%), India (+ 12.8%) and Israel (+ 19.8%), among others.

"We are delighted with our strong start to 2017. We expect the market launch of the OCTAVIA product upgrade as well as the new KODIAQ to create further momentum," says Werner Eichhorn, ŠKODA Board Member for Sales and Marketing.

At the Geneva Motor Show, ŠKODA is currently presenting the new KODIAQ SPORTLINE and KODIAQ SCOUT, as well as the model revisions of the ŠKODA OCTAVIA, RAPID and CITIGO.

In Western Europe, deliveries to customers rose by 7.0% in February to 34,800 vehicles (February 2016: 32,500). With 12,600 vehicles, Germany remains the strongest single European market (February 2016: 12,100 vehicles, +4.5%). ŠKODA recorded double-digit growth rates in the UK (3,400 vehicles, +23.6%), Italy (2,200 vehicles + 20.1%), Belgium (2 000 vehicles, +27.1%) and Austria (1,900 vehicles, +64.7%).

In Central Europe, ŠKODA achieved an increase of 12.9% with 17,400 cars (February 2016: 15,400 vehicles). Deliveries on the home market of the Czech Republic rose by 8.8% to 8,200 vehicles, in Poland (5,700 vehicles, + 16.3%), Slovakia (1,700 vehicles, +15.4%), Slovenia (600 vehicles, +22.6%) and Croatia (300 vehicles; +46.9%), also rose in double figures.

In Eastern Europe, excluding Russia, ŠKODA achieved a year-on-year increase of 13.3% with 2,800 vehicles delivered (February 2016: 2,500 vehicles). In the same period, 400 customers in Ukraine received their new ŠKODA – an increase of 93.9% (February 2016: 200 vehicles). The number of deliveries increased significantly in Bosnia (200 vehicles, + 55.7%), Bulgaria (200 vehicles, +17.5%) and the Baltic States (600 vehicles, + 22.9%). In Russia, ŠKODA achieved an increase of 4.6% with 4,300 vehicles (February 2016: 4,100 vehicles).

In China – the brand’s largest market worldwide – ŠKODA handed over the keys to 15,000 new vehicles (February 2016: 18,500 vehicles; -18.8%). Deliveries overseas increased by 98% to a total of 2,500 vehicles.

At the Geneva Motor Show, ŠKODA is presenting several new highlights. These include the ŠKODA KODIAQ SCOUT and ŠKODA KODIAQ SPORTLINE alongside the extensively upgraded ŠKODA OCTAVIA as well as the sporty spearhead ŠKODA OCTAVIA RS 245 and the ŠKODA OCTAVIA SCOUT with a rugged off-road look. In addition, the upgraded ŠKODA models RAPID and RAPID SPACEBACK, and Citigo are on show.

ŠKODA deliveries to customers in February 2017 (in units, rounded off, by model; +/- in percent compared to February 2016):

ŠKODA OCTAVIA (28,600; -8.6%)

ŠKODA FABIA (16,700, + 15.2%)

ŠKODA RAPID (15,000, + 12.1%)

ŠKODA SUPERB (10,900, + 17.1%)

ŠKODA KODIAQ (1,300; + 100.0%)

ŠKODA YETI (6,300, -15.7%)

ŠKODA CITIGO (only sold in Europe: 2,300, -16.4%) 

Peugeot and and India brand are joining forces to build and sell cars and components in India.

The PSA Group and the CK Birla Group sign joint-venture agreements to produce and sell vehicles and components in India by 2020

• Indian project in line with PSA strategic plan “Push to Pass” and the growth plan of the CK Birla Group in the automotive sector
• “Be Indian in India”: Long term partnership with an initial investment in capital expenditure close to €100 million (INR 700 cr) for vehicle and powertrain manufacturing in the State of Tamil Nadu
• Bring state of the art technology for an eco-friendly and safe new product range in line with future industry norms and customers’ expectations

The ceremony of signature held today lays the foundation for a long term partnership between the two Groups and represents a key milestone in the development of the PSA Group in India, a cornerstone of its strategic growth plan “Push to Pass”. The CK Birla Group further deepens its capabilities in the auto component and automotive sector in India.

The partnership entails two joint-venture agreements between the PSA Group and the CK Birla Group companies. 

As part of the first agreement, the PSA Group will hold a majority stake in the joint-venture company being set-up with HMFCL for the assembly and distribution of PSA passenger cars in India. 

None of the pictures below should be considered as cars that will or will not be

produced in India in Joint agreement with Peugeot.

As per the second agreement, a 50:50 joint-venture is being set-up between the PSA Group and AVTEC Ltd for manufacture and supply of powertrains. The manufacturing sites for both vehicle assembly and powertrains will be based in the state of Tamil Nadu.

The initial manufacturing capacity will be set at about 100,000 vehicles per year and will be followed by incremental investment to support a progressive ramp-up of the long term project. The manufacturing capacity for powertrains will cater to the domestic market needs and global OEMs. The performance of the industrial set-up will be supported by a significant level of localization, in order to reach the necessary cost competitiveness.

This long term partnership will allow both companies to participate in the growth of the Indian automotive market, which is expected to reach 8 to 10 million cars by 2025⁽¹⁾ from current 3 million in 2016.

Commenting on the agreements, Carlos Tavares, Chairman of the Managing Board of PSA Group said: "Benefitting from the strong support of our Indian partner, the CK Birla Group, and a shared vision, this project is consistent with the strong execution of our Push to Pass strategic plan and represents a major step in PSA Group’s worldwide profitable growth in key automotive markets.”

Speaking to the press in Paris on this momentous occasion, Mr. CK Birla, Chairman, the CK Birla Group, said “We have embraced ‘Make in India for India and the World’ for several decades and are among the early adopters of frugal manufacturing in the country. I am confident that the coming together of the latest state-of-the-art technology from the PSA Group and the engineering and manufacturing excellence of the CK Birla Group will benefit the automotive sector in India.”

END OF YEAR WORLDWIDE - PSA GROUP - Europe has been hit but overall there is growth.

• In 2016, sales increased by 5.8%, to 3,146,000 units. ¹
• The product offensive in the Push to Pass plan was launched for the Peugeot and Citroën brands.
• Successful commercial launches for the new PEUGEOT 3008 SUV, new Expert and Traveller, the new CITROËN C3, the new Jumpy and SpaceTourer.
• DS Automobiles consolidated its premium brand bases. 

In executing its profitable strategic growth "Push to Pass" plan, in 2016 the PSA Group launched the start of a worldwide product offensive that provides for 121 regional launches by 2021.

All the products launched are commercial successes in their market segments:

A perfect illustration of the dynamism of the PEUGEOT brand, which grew by 12.3% in 2016, the new PEUGEOT 3008 SUV has seen a total of more than 60,000 orders in only three months, exceeding the targets for 2016 orders set before the launch by 70%. 

Launched in about 30 countries, the roll-out to all regions will continue during the first quarter of 2017. In France, it is already the leader in the C-SUV segment over the final three months of the year. 

The new PEUGEOT 3008 SUV confirms the PEUGEOT brand's move upmarket, with 86% of the orders for the higher trim levels, Allure, GT-Line and GT. PEUGEOT is continuing its internationalisation, with 43% of its worldwide sales generated outside Europe, an increase of four points compared with 2015.

The new PEUGEOT 4008 SUV launched in November 2016 in China and manufactured in the new Chengdu plant dedicated to SUVs achieved 120% of its objectives. In less than six weeks' on sale, it has already recorded 11,500 orders, of which more than 40% were for high-end trims.

The new CITROËN C3, with almost 40,000 sales already since its launch in November, enabled a bound of sales of 63% to be recorded in the fourth quarter, with a very high order mix of almost 50% for the highest trim level and 75% for the two-tone versions. 

These choices reflect the differentiation and well-being values at the core of the CITROËN positioning.

With a range that has been renewed over 12 months, the DS brand is gradually taking its place in the premium segment. The DS 3 stands among the top three best-selling premium city sedans in Europe, the DS 4 Crossback represents 34% of sales of the DS 4 & DS 4 Crossback duo, and 81% of sales of the DS 5 are the high-end versions.

Furthermore, the Group extended its product offensive in the light commercial vehicle segment, with the launch of seven new versions of the PEUGEOT Expert and CITROËN Jumpy in 2016 including the launch of the PEUGEOT Traveller and CITROËN SpaceTourer passenger car versions.

In Europe, the Group's sales were 1,930,000 vehicles a growth of 3.6% in 2016. The PEUGEOT brand, with a 4.4% increase in sales, is maintaining this growth, due in particular to the PEUGEOT 2008 SUV (+16% on sales of 184,200), which stands in second place in its segment, the PEUGEOT Partner (+8% on sales of 114,200) and the PEUGEOT 208, the brand's best-seller, driven by the success of its mid-life (+8% on sales of 274,000). The picture is similar for CITROËN which, with growth of 4.3%, recorded its best sales volume for five years (762,000 units). In addition to new launches during the year (E-Mehari, new Jumpy, SpaceTourer and new C3), the brand's momentum was sustained in particular by the C4 Picasso, the benchmark in people carriers, renewed in September (sales of 109,000) and also by the continued success of the Berlingo LCV, the second best-selling small van in Europe. The DS brand continues to develop its dedicated network with 112 DS Stores and DS Salons, as well as the first DS Urban Store, located in the heart of the prestigious Westfield shopping centre in London, inaugurated on 1 December 2016.

In China and South-East Asia, in a fiercely competitive context, the Group generated 618,000 sales. In December, DONGFENG PEUGEOT achieved its historic best ever monthly performance in China with 43,800 deliveries to customers, mainly due to the success of the PEUGEOT 4008 SUV.

The CITROËN C3-XR SUV confirmed its success with more than 73,000 sales, an increase of 10.5%, which made it the second-best selling DONGFENG CITROËN, behind the C-Elysée (87,000 sales). Orders for the new CITROEN C6 large sedan launched at the end of the year have already reached 4,000, of which nearly 75% are for high-end engines and trims.

With 109 DS Stores, China is the second-largest market for the DS brand, which generated one in every five sales, of which 60% of volumes was for the DS 6 SUV.

On the fast-growing markets of South-East Asia, the PEUGEOT brand recorded growth of 72% in the Philippines and 40% in Singapore. The CITROËN brand continued to grow in South-East Asia, especially in Singapore with the success of the C4 Picasso.

In the Middle-East and Africa region, the PSA Group doubled its sales in 2016 with 383,500 vehicles ². In less than a year, the Group's return to Iran took firm shape with the signature of two joint venture agreements: PEUGEOT with Iran Khodro, the brand's historic partner, and CITROEN with SAIPA. Launched at the start of 2016 in partnership with the Iranian group Arian Motor, DS opened its first DS Store in Teheran and markets the DS 5, DS 5LS and DS 6.

In Latin America, the Group's sales grew by 17.1%, with 183,900 vehicles sold. The Group's market shares increased in Argentina (+1.6 points) and in Chile (+1.3 points), where sales were up 32%. With an overall increase of 23.6%, PEUGEOT sales are growing very sharply, in particular in Argentina (+39%), notably with the success, from its launch, of the PEUGEOT 2008 SUV (almost 10,000 sales), in Chile (+32%) and in Brazil (+7%). CITROËN sales grew by 6.3%, particularly due to the C3 Aircross (+78%). DS occupies fourth place in the Argentinian premium vehicle market.

In Eurasia, the economic climate is still very weak, particularly in Russia, and the PSA Group's sales fell by 12.6% to 10,500 units in a market that declined by 12.5%. In Ukraine, in a dynamic market (+37.4%), the Group's sales grew by 43%. The Group has extended its geographic presence in the region with the commercial launch of its three brands in Georgia.

In the India-Pacific region, following growth of 3.3% in Japan in 2015, the Group saw a rapid increase in its Japanese sales with a rise of 20.6%, making this its best result here since 2007. The PEUGEOT brand made a significant contribution to this performance (+27%), driven in particular by the excellent results for the PEUGEOT 2008 SUV (+63%), the 208 (+46%) and the 308 (+24%). The introduction of the BlueHDi technology in July made it possible to round out the energy offer and will have partially contributed to supporting this growth. CITROËN sales grew by 7.5% across the whole region, mainly due to the launch of the C4 Cactus at the end of the year in Japan and Korea. Officially launched at the end of 2015 in Japan, sales of the DS brand increased by 30% under the effect of major operations such as the first DS WEEK in Tokyo and the launch of a number of limited editions.

Carlos Tavares, Chairman of the Managing Board: "The increase in our sales for the third consecutive year, even though the product offensive of our Push to Pass plan is in its early stages, proves the relevance of our Core Model Strategy. The success of our latest launches is proof that the value-creating growth is the result of the excellence of our products and a virtuous commercial policy".