Mercedes-Benz Reports 7% Decline in Q1 Deliveries Amid Weaker Demand
Mercedes-Benz’s Q1 unit sales fell by 7% to 529,200 vehicles, with battery electric vehicle sales dropping by 10%. Demand weakened significantly in China and Europe, although American sales increased by 1%.
Mercedes-Benz, the renowned German luxury car manufacturer, reported a 7% decline in its unit sales for the first quarter of the year, primarily attributed to weakened consumer demand in key markets such as China and Europe. The total deliveries amounted to 529,200 units of cars and vans from January to March, a reduction from 568,400 units in the same period of the previous year.
The company’s sales of battery electric vehicles experienced an even steeper drop, declining by 10% to 45,500 units compared to 50,500 a year earlier. In contrast, sales in the American market for the Mercedes Cars unit increased by 1%, while there was a notable 10% decline in sales in China. Furthermore, sales figures decreased by 10% in Germany and 7% across Europe, illustrating the challenges the company is currently facing in these regions.
In summary, Mercedes-Benz has reported a significant decline in vehicle deliveries for the first quarter due to reduced demand in China and Europe. The increase in American sales contrasted with losses in the Asian and European markets, indicating a shift in consumer preferences and economic conditions affecting luxury automotive purchases.
Original Source: money.usnews.com
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