Central Contracts reports record sales as leasing growth accelerates [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
Company Research
Source: Yahoo! Finance
The company expects continued growth into 2025, driven by operational improvements and technology investment. Focusing primarily on the personal leasing market, Central Contracts also reported a contract renewal rate of 45%, which it described as among the highest in the sector. The company attributed its improved performance to three key changes: a revised procurement policy, the launch of a new digital platform, and the development of proprietary technology solutions. Its updated procurement strategy included the implementation of a new acquisition programme with OEMs, enhanced pricing analysis tools, and improvements to stock ordering processes. This approach has supported stronger ties with manufacturers such as Vauxhall, Nissan, Renault, Kia and Hyundai, as well as with funders underwriting the leasing agreements. A new digital platform has increased the visibility of available stock and deals. In addition, new software introduced by Central Contracts enables automated ve
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