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Mercedes' sales slump persists.
Weak sales in China and the United States have Mercedes-Benz again posting a sales decline. From July to September, the automaker delivered 525,300 passenger cars and vans to dealers — twelve percent less than in the prior-year period. The company in Stuttgart said.
In the first nine months of the year, Mercedes-Benz's sales for passenger cars and vans are down by nine percent in total to around 1.6 million vehicles on the books. Already in 2024, the Swabians' sales had fallen by four percent to just under 2.4 million amid the crisis in the auto industry.
Decline in China and the USA
The passenger car division posted a twelve percent drop, with 441,500 cars sold in the third quarter.
In China, sales fell by about 27 percent to 125,100 cars. In the important market, the Swabians now face strong competition from domestic manufacturers. Moreover, they have long suffered from the purchasing restraint of wealthy Chinese, whose money is not as readily available amid the country's real estate crisis.
Sales in the USA also fell by 17 percent. According to Sales Director Mathias Geisen, year-to-date customer deliveries are however above those of the previous year. The Absatz metric measures the sale of the group's vehicles to dealers. In Europe, the Swabians sold slightly more cars.
Are electric cars set to rebound soon?
With the all-electric cars, at least things did not continue to deteriorate further: Mercedes sold 42,600 of them in the third quarter - about as many as a year earlier. Looking at the entire year, the bottom line still shows a loss, but compared with the second quarter, sales rose by more than a fifth. The increase is attributed to the first deliveries of the new CLA. The all-electric model belongs to the entry-level segment and had been introduced in the spring.
Among the expensive top-end models that CEO Ola Källenius has placed in the spotlight, the company posted a ten percent increase - and offset the losses from the first two quarters. The development was driven by sales of the G-Class and S-Class. In the van segment (Vans), sales in the third quarter fell by eight percent.
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