Deliveries climbed 5.1% between January-March to 636,239 vehicles on the year, due to the higher demand for Dacia cars, the company said in a report.
According to the company, the European market recovery appeared stronger than foreseen in the first quarter, while Dacia was the fastest growing brand in the market.
The company expects a 2%-3% growth of the European market in 2014, while the Russian and Brazilian markets are seen slightly declining.
According to the company, foreign-exchange fluctuations burdened automotive revenue by EUR409 million in the first quarter.
The EU auto market increased 8.4% in the first quarter of the year, to 3.246 million units, from 2.994 million in the same period in 2013.
Dacia’s EU registrations in the first quarter increased 42.7%, to 90,500 units, from 63,500 in the same period last year, triggering a 19% growth for Renault.