Mercedes-Benz cars sales dips in Q3 on weaker demand
Tweet
Share
E-mail
People take photos at the Mercedes-Benz booth during a press day of the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan October 25, 2023. REUTERS/Issei Kato/File Photo
BERLIN (Reuters) - Mercedes-Benz saw a slight drop in cars sales in the third quarter as weaker demand, particularly in Asia, outweighed improved product availability, the carmaker said on Thursday.
The company sold 503,600 cars, down 1% compared with the same quarter last year. Of those, 42,500 were battery-electric vehicles, representing a 31% year-on-year drop.
In China, sales were down 13%, at 170,700 cars, as lower demand, particularly for luxury goods, and ongoing price reductions impacted sales, according to Mercedes-Benz.
The product range in China will be improved this year with further Intelligent Drive updates in the core segment, it added.
(Writing by Miranda Murray, Editing by Friederike Heine)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Poland suspects fire at Starlink station was act of sabotage
- Indonesia court reduces Gojek founder's sentence to 9 years in appeal hearing
- Qantas workers begin 24-hour strike at four Australian airports, union says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
