UPDATE 2-Renault sales rise on European growth shift
* Renault first-half vehicle sales up 4.7 pct
* Sales rise 18 pct in Europe, fall 9 pct elsewhere
* Holds ground amid emerging-market decline (Adds analyst comment, details, background)
By Laurence Frost
PARIS, July 7 (Reuters) - Renault's first-half vehicle sales rose 4.7 percent, as a European rebound offset a slump in emerging-market demand, reversing the carmaker's recent market trends.
Renault's global sales increased to 1.37 million vehicles, the company said on Monday, boosted by the success of its new Clio small car and compact crossovers in its wider home region even as France lagged.
Until last year, Renault had drawn on emerging-market growth to resist the worst of a prolonged European slump during which demand sank to a two-decade low.
Sales increased 18 percent in Europe and dropped 9 percent in the rest of the world, Renault said, with its no-frills Dacia division becoming Europe's fastest-growing brand.
"As a result, Renault is able to diminish the impact of the decline in our main emerging markets," sales chief Jerome Stoll said in a statement. Continuación...