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
spot_img
spot_img

Hot this week

LCCI: Nigeria Must Adopt Reforms to Unlock Fintech Potential, Lead Digital Financial Hub in Africa

L-R: Prince Cookey, Publisher/Editor-in-Chief, Business Journal Media Group; Mr....

SEC DG: Capital Market Has Capacity to Fund Abuja Infrastructure Projects

Dr. Emomotimi Agama Director-General Securities and Exchange Commission (SEC) The Director-General of...

Mutual Benefits: Shareholders Back Strategic Growth Direction at 30th AGM

Historic 30th AGM: L-R: Managing Director/CEO, Mutual Benefits Life...

NGX, Brazilian Business Delegation Explore Areas of Collaboration, Partnership

WELCOME REMARKS BY ALHAJI (DR.) UMARU KWAIRANGA GROUP CHAIRMAN,...

Leadway’s Post-Recapitalisation Signals Era of Digital-First Insurance for Critical Sectors and Nigeria’s Next Generation

Leadway Assurance, Nigeria’s foremost insurance services provider and a...

Topics

Why African Insurers Must Adopt ESG l for Sustainable Growth-ICEA LION Group

Mr. Philip Lopokoiyit CEO ICEA LION Holdings  Insurance regulators and operators in...

Fidelity Bank Strengthens Leadership with New Board Appointments

In a strategic move to sustain its impressive performance,...

Stanbic IBTC Pension Managers Inspires Women to Shape the Future

According to a United Nations Women publication, although women's...

5 WAYS TO KEEP YOUR SANITY IN STORMY TIMES

          Globally speaking, we live in a dispensation where socio-economic...

World Bank: ‘End Cycle of Poverty Now’

The social status of one’s parents is as influential...

Lamido of Adamawa Commends NCC’s Consumer Protection Initiatives

The Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended...

VBank Continues Dominance in Sports Development

The V Shitsuke Flag Football league championship (Season 5)...
spot_img

Related Articles

Popular Categories

spot_imgspot_img