Pretax profit at the Irish arm of Renault last year fell 3 per cent to €2.25 million despite an increase in revenue. In new accounts filed by Renault Ireland Ltd, the directors state that 2018 was a very positive year where the group saw strong sales across the Renault and Dacia range. The Dacia brand increased its market share to 2.9 per cent, they said. Renault was ranked fifth in the Irish car market and third in the light commercial vehicle market, with market shares of 8.6 per cent and 13.9 per cent respectively. “The Irish car market continues to be vulnerable to movements in the exchange rate with sterling,” the directors said.

Source: The Irish Times October 15, 2019 18:00 UTC