Renault sales up 13 percent on new models, European recovery

Reuters
A logo of Renault is pictured at a dealership in Saint-Herblain near Nantes, January 19, 2016. REUTERS/Stephane Mahe

PARIS (Reuters) - Renault (RENA.PA) recorded a 13 percent increase in third-quarter revenue, the French carmaker said on Tuesday, as a recovering European market lifted sales of its new Megane and Kadjar models.

Revenue rose to 10.55 billion euros (£9.39 billion) in the three months ended Sept. 30 from 9.34 billion a year earlier, the company said in a statement.

The global auto market will expand 1.7 percent in 2016, Renault also predicted, reiterating its full-year goals including an increase in group revenue and operating margin.

(Reporting by Laurence Frost. Editing by Jane Merriman)