Saturday, March 21, 2026
33.3 C
Lagos

Mercedes Sales Rise to New Record in October, Boosted by China Demand

The new C-class wagon is helping to boost Mercedes sales

Daimler said vehicle sales at its Mercedes-Benz Cars unit, which includes the Mercedes and Smart brands, rose 8 percent to 146,112 in October.
The sales volume was a record for the month, boosted by strong demand in China, the company in a statement.
Mercedes marketing and sales boss Ola Kaellenius said the new C-class wagon and the S-class coupe have proved popular among customers. “We started the fourth quarter with a sales record in October,” he said in the statement.
Mercedes brand sales grew 12 percent last month to 140,941 units while Smart sales were down 40 percent to 5,171 as customers await a new generation of the ForTwo.
The division’s volume grew by 33 percent in China and 10 percent in Europe, offsetting a 5 percent drop in the United States.
Mercedes said it sold 8,397 units of its flagship S-class sedan in October, up 60 percent. A year after the launch of the new S class in all its core markets, the company has already delivered more than 100,000 units, Daimler said.
The division’s 10-month sales are up 11 percent to 1.41 million, also a record. Mercedes brand’s volume increased by 12 percent to a 1.34 million while smart sales fell 13 percent to 72,041.

spot_img
spot_img
spot_img

Hot this week

Quest Merchant Bank Named Transaction Advisor for Nigeria’s Landmark Project BRIDGE Digital Infrastructure Initiative

L-R:  Project Lead, PIU Project Bridge, Jumoke Akande; Honourable...

Women Entrepreneurs Laud Ecobank’s Enhanced Ellevate Initiative

Subuola Oyeleye, CEO, Beauty Hut Africa; Victoria Igun, Ellevate...

Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

Mrs. Chioma Okigbo (Non-Executive Director), Mr. Samuel Onukwue (Non-Executive Director), Mr....

Topics

FOR THE RECORD: Weakening Growth in Sub-Saharan Africa Calls for Policy Reset

Growth lowest in 15 years, with significant variation across...

NCC: ‘We’re Implementing Requisite Reforms to Strengthen Telecoms Sector’

L-R: Lagos Zonal Controller, Nigerian Communications Commission (NCC), Henry Ojiokpota;...

NSE Wins Outstanding Invaluable Company Award for CSR

The Nigerian Stock Exchange (NSE) is pleased to announce...

Cyber-security Tops Agenda at CTO Conference

Engr. Shola Taylor, Secretary-General of the Commonwealth Telecommunications Organisation...

NDSF 2025: Nigeria ICT Stakeholders Urged to Engage in WSIS Review Process

Stakeholders in Nigeria's Information and Communication Technology (ICT) sector...

Ecobank Nigeria Bags 3 Laurels at DBN Awards 2023

Left:  Chief Operating Officer, Development Bank of Nigeria (DBN);...

NCC, Lottery Commission Renews MoU on Gaming Industry

The Nigerian Communications Commission (NCC) has signed a revised...

Business Leaders, Experts Meet to Discuss Economic Reforms Oct 12

Business leaders from various sectors will meet in Lagos...
spot_img

Related Articles

Popular Categories

spot_imgspot_img