Saturday, July 20, 2024
25.2 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

Hot this week

Stanbic IBTC Bank Partners Lagos State on Water, Sanitation Infrastructure Funding Summit

Stanbic IBTC Bank, one of Nigeria’s leading financial institutions,...

Stanbic IBTC Launches Ambitious Tree-Planting Campaign in Cross Rivers State

Stanbic IBTC Holdings, in collaboration with One Tree Planted...

PalmPay Named Among Top 250 Fintech Companies in the World by CNBC, Statista

PalmPay, a leading Africa-focused fintech platform, has been included...

AIICO’s Annuity Customers Attest to Financial Stability, Payout Hits N1.3bn Monthly 

AIICO Insurance Plc, a leading insurer in Nigeria, today...

WORLD PR DAY: APRA Advocates Ethical, Responsible Use of AI

The African Public Relations Association (APRA) has called on...

Topics

The Indonesia Executions

Last week, Indonesia stood its ground on its declared war on hard drugs through the firing squad execution of eight convicted drug offenders despite global appeals for clemency. The eight-4 Nigerians, 2 Australians, 1 Brazilian and 1 Indonesian paid the ultimate price for daring to challenge the Death-For-Drug-Dealers- Law in Indonesia. For months, the international media followed the death penalty on the convicted drug dealers and the ensuing campaign to free them from violent death.

UNDP Partners Civic Foundation on Innovation

“Innovation has potential to significantly contribute to addressing urgent...

Again, NNPC Cautions Against Panic Buying, Says 30-Days PMS Sufficiency Intact

As the nationwide supply and distribution of Premium Motor...

NCC Plans Stakeholder Engagement on 5G in Lagos Nov 4

As part of activities lined up for the implementation...

Interswitch Unveils Financial Inclusion Initiative

Interswitch, Africa’s leading Digital Payments and Commerce Company has...

The Maggi Magic Nestlé Redressing Micronutrient Deficiency in Africa with New Maggi Cube

MAGGI CUBES: FORTIFIED SEASONING Nestlé sells millions of Maggi...

US Crude Oil Exports: The Opinion of American Policy Makers

Ernest Moniz, Energy Secretary ‘Those restrictions on exports were borne,...

Emirates Skywards Feted at Loyalty Awards 2019

For the second consecutive year, Emirates Skywards, the loyalty...
spot_img

Related Articles

Popular Categories

spot_imgspot_img