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

DataPro: Beyond the Balance Sheet: A Thorough Approach to Ratings

“In today’s complex financial world, your creditworthiness is your...

NAICOM Pledges Support for Lagos State Building Insurance Scheme

Keynote Address by Mr. Olusegun Ayo Omosehin, Commissioner for...

Nigeria’s $2bn Renewable Energy Investment Yields Only 76,000 Jobs, REA Flags Local Capacity Gap

Dr. Abba Aliyu, Managing Director of the Rural Electrification...

Ecobank Nigeria Launches Scaling Up Podcast to Champion African Entrepreneurship, Business Growth

Ecobank Nigeria has launched Scaling Up!!!, its flagship business...

DataPro Unveils Date, Registration for 6th International Rating Webinar

The anticipation is already building for the 6th Edition of the...

Topics

Galaxy Backbone, ALTON, IXPN Drum Support @2022 ITREALMS E-Waste Dialogue

The trio of Galaxy Backbone Plc, Internet Exchange Point...

INTEL: IMPACTING LEARNING WITH TECHNOLOGY THROUGH TEACHER EDUCATION

All over the world, there is an increasing attention on the role technology plays in preparing students for the 21st century. Unlike the traditional method of learning which is more about the paper and pencil teacher centered approach, technology-induced learning not only motivates learning in students, but it also offers them the 21st century skills needed to remain competitive in a highly technological knowledge-based economy.

Aviation: Five Key Risks That Will Shape 2026

By Marie Owens Thomsen Senior Vice President, Sustainability & Chief...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

AI: Powerful Tool for Economic Growth in Africa-NGX Chair, Umaru Kwairanga

 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

Stanbic IBTC Pension Managers’ FUZE 3.0 Festival: Set to Light up Lagos on Dec 21

In a spectacular celebration of Nigerian creativity and innovation,...

World Bank: Nigeria to Quit Recession, Grow at 1% in 2017

Global economic growth is forecast to accelerate moderately to...

Allianz to Become Worldwide Olympic Insurance Partner

The International Olympic Committee (IOC) and Allianz has announced...
spot_img

Related Articles

Popular Categories

spot_imgspot_img