The big bosses at Daimler AG weren’t expecting the kind of profits the company would earn in this year’s first quarter. Record sales of Mercedes-Benz cars was able to make up for the brand’s spending on new models and facilities, making things for the company a lot easier and joyful moving forward in 2012. 2.13 billion euros, almost a 4.9-percent growth in profit compared to last year, is enough reason to be joyful. These figures beat average estimates by eight survey analysts. Sales grew by 9.2 percent, making it 27 billions euros for January to March alone. Daimler CEO Dieter Zetsche was fast in rehighlighting his company’s goals for the… Continue Reading »
Latest Mercedes-Benz News
It’s official – Singaporeans love Mercedes-Benz. And it shows, as the country’s dealership sales grew by 8.9 percent from January to March this year compared to the 1st quarter last year. That’s 7,510 cars sold in just three months. And an 18.4 percent market share according to Singapore’s Land Transport Authority. It’s no wonder that anywhere you go in this country, you’ll come across dozens of cars carrying the three-pointed star logo. Daimler Southeast Asia refuses to comment. However, Mercedes-Benz’s rivals in the region admit that sales have been awesome for the brand’s C180 Kompressor. They also think that 2nd placer BMW, the country’s hottest selling luxury car brand back… Continue Reading »
Following the trend of 2011, Daimler Trucks is now aiming for higher sales and market share. After the 20% in 2011, the company expects that it will perform better this year. And they are targeting this, not only in the European market, but in the whole world as well. Results increased at a strong above-average rate in 2011 Division is on track to achieve its 8% return on sales target Production launch in India and China with regional brands Modern domestic trucks have a very promising future Stuttgart – In 2012 Daimler Trucks aims to build on the successes it posted last year. After sales and… Continue Reading »
Due to the ongoing downturn on almost all markets and the upcoming model changeover for the high-volume E-Class series, Mercedes-Benz Cars sold a total of 72,200 vehicles (February 2008: 96,800) worldwide in February (decrease of 25%). The division has sold 134,500 (January-February 2008: 187,200) Mercedes-Benz, AMG, smart, and Maybach brand vehicles to date this year (decrease of 28%). Mercedes-Benz sold 63,600 vehicles in February 2009 (February 2008: 88,000 units). This represents a 28% decline from the February 2008 mark, which was the brand’s all-time sales record for the month of February. smart delivered 8,600 vehicles (February 2008: 8,800 units) to customers worldwide last month (minus two percent). smart is now… Continue Reading »
Mercedes-Benz today reported that its sales in the U.S. fell 35.5 % in January compared to same time last year. Even the popular smart fortwo was not able to help raise the falling numbers, even with tripling sales (from 641 last January to 1,776). Overall sales of Mercedes-Benz cars in the U.S. fell 42.9% to 10,433 from 18,275. The Mercedes R-Class wagon posted a 75.9% decline in sales, while sales of the top-selling C-Class sedan fell 34.8%. Overall (Mercedes-Benz and smart) U.S. sales fell to 12,209 from 18,916 last year.
Mercedes-Benz dealerships have not only been hit hard by the slow car sales in recent months, they are also losing money in the service department. It seems that the increased Mercedes quality is finally paying off for consumers – not so much for dealers. Compared to 5 or 6 years ago, dealers were making record profit for servicing Mercedes vehicles, which cost Daimler millions in warranty cost. Ever since, Mercedes has pledged to increase quality and to bring consumers back the trust in the Mercedes brand. It’s great to see that people have less quality issues these days, and just one way to see this is the decrease in customers… Continue Reading »
While sales numbers in the US and across Europe have taken a dive for Mercedes-Benz in 2008, that same is not true for the MB China division. Mercedes-Benz achieved a proud market performance in 2008 with a record sales growth of 45% compared to the previous year, while the rest of the luxury car market averaged a sales increase of only 17%. Klaus Maier, president and CEO of Mercedes-Benz of China, is the one responsible for such great sales figures, ever since he took the position in November 2006. As a result he was awarded CEO of The Year 2007, and was named Outstanding Corporate Leader 2008 by leading media… Continue Reading »