Renault Samsung's New SUV going to Europe Amid Positive Original Response
27 May, 2021
Renault Samsung's small SUV XM3 will continue sale across Europe found in July under the name of Arkana after its initial release found in four Europe has been good received.
The car first continued sale only in France, Germany, Italy and Spain in March and drew a positive response from media and consumers as well, raising hopes that it can turn the carmaker's fortunes around.
French car magazine Car Moto named it the very best SUV of 2021. The company's target of 7,250 cars in initial revenue was already met, and the amount is expected to reach 8,000 by the end of this month.
The compact SUV industry in Europe totals 3.5 million cars each year, which accounts for 30 percent of the whole automobile market. Capturing simply 2 percent of the market means sales of 70,000 XM3s.
Renault Samsung expectations the XM3 can make up for its shed orders for the Nissan Rogue SUV. The carmaker created some 100,000 to 120,000 Nissan Rogues at its plant in Korea before being forced to stop production last year because of dwindling demand.
"Our conservative goal is usually to export 40,000 to 50,000 XM3s annually, but with a confident reception, we believe we are able to do better than that," said a staffer at Renault Samsung.
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