Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2023 04 12T080223Z 2 LYNXMPEJ3B07U RTROPTP 4 MERCEDES BENZ GR WINDPOWER - Business Express

Mercedes posts rise in Q1 sales boosted by EVs, premium cars

(Reuters) -Mercedes-Benz Group sales rose moderately in the first quarter of the year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday.

Worldwide sales increased 3% to 503,500 vehicles, with Europe posting the strongest growth at 8%.

The firm saw the biggest sales plunge in the rest of the world that includes all of the regions except Europe, Asia and North America.

The number dropped by almost a quarter there, impacted by a decision by the company to halt export and production in Russia in March last year.

EVs were the main growth driver in the quarter, with sales almost doubling to 51,600 units.

The top-end segment – which includes models such as AMG, Maybach and G-class – also demonstrated solid growth of 18%, reaching 91,800 for the period.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Britta Seeger, a Mercedes board member, said both segments posted strong results “despite ongoing supply chain disruptions, economic headwinds and geopolitical uncertainties”.

Sales in the Mercedes-Benz Vans division grew 12% in the quarter, reaching 98,900 – its best first-quarter result ever.

Earlier on Wednesday, Swedish peer Volvo reported record first-quarter profits in a sign the company had begun to overcome bottlenecks and inflation that hampered the industry.

(Reporting by Andrey Sychev, Editing by Friederike Heine, Robert Birsel)


Recent Post: