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Global sales for French car maker Renault SA rose 3.2% in 2014 as its budget brand Dacia continued to gain momentum, but difficulties in Russia, Argentina and Brazil weighed down results.


Renault said it sold 2.7 million cars last year. The company's 3.2% increase in sales lags behind overall global demand of 3.5%.

Meanwhile in Europe, sales grew 17.6% as the continent's car market increased for the first time after 6 years of decline. Europe's results don't include Russia.

Renault sold 577,601 cars in 2014 in its home market of France, up 5.5% from the previous year.

Dacia, the Romanian-based marque that has been a driver for growth in the past two years, was a large reason for those gains in Europe. The brand posted a 19.1% increase to 511,465 cars and cars with the Dacia badge now making up 18.9% of the company's total sales.

The best-selling model of the entire Renault group was the Duster, a low-cost sports-utility vehicle that is sold under both the Renault and Dacia badges, depending on the country.

For 2015, Renault expects modest growth of 2%. "Our growth will be sustained by an accelerated product plan, with five new models," said Jérôme Stoll, chief performance officer.

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