Mercedes-Benz cars sales dips in Q3 on weaker demand
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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)
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