Latest Automotive News

Subscribe in a reader





Mercedes-Benz Posts Continuing Growth in China

Email   small font medium font large font

Google
 
Web AutoNews24h.com
  • Mercedes-Benz is fastest-growing premium brand in China
  • Dr. Joachim Schmidt: “Continued dynamic growth and expansion of our steadily increasing market presence.”
  • Positive development in other BRIC countries as well
  • Increased production capacities in the growth markets of China and India
Mercedes-Benz continues to post strong growth in China. The brand with the star was the fastest-growing premium brand in China in the year to date and will remain so for the full year as well. Already by September, sales of Mercedes-Benz had reached the same level as in all of 2008, and they are expected to increase by more than 60 percent in full-year 2009 compared to 2008. “We posted record sales in every month this year in China, and we will continue to grow dynamically there in the future,” said Dr. Joachim Schmidt, Executive Vice President Sales and Marketing Mercedes-Benz Cars. “We will expand our presence on the Chinese market next year as well, and we expect to continue to grow faster than the market as a whole. We also expect to receive a boost from the long wheelbase version of the new E-Class, which we will offer especially for the Chinese market from the middle of next year.”
In November, Mercedes-Benz once again set a sales record in China, tripling the number of vehicles sold to 8,700 units. As a result, the brand has sold a total of 60,700 passenger vehicles in China (including Hong Kong), representing an increase of 56 percent. The new generation of the S-Class and the new E-Class sedan both saw sales triple in November: A total of 2,000 S-Class luxury sedans were handed over to customers, while 1,500 buyers opted for an E-Class sedan. As a result, 12,800 S-Class and 10,400 E-Class sedans have been delivered to customers since the beginning of the year. The E-Class was introduced to China last July, and the S-Class was launched there last August. China is the world’s largest market for the S-Class. The vehicle has a market share of around 40 percent in the country, giving it a big lead over its competitors in its market segment. In addition, the S 400 HYBRID has been available in China since September 2009 and has met with great customer’s response.
Deliveries of the C-Class sedan doubled in November to 1,700 units, resulting in total sales of 15,100 C-Class vehicles from January to November. Sales of sports utility vehicles (SUVs) have also doubled since the beginning of the year, to 14,400 units. The newly introduced GLK alone accounted for 4,000 units, putting it ahead of its premium competitors to become the Number 1 vehicle in its segment.
The B-Class and the smart fortwo were also successfully launched in China this year. A total of 4,200 B-Class vehicles have been sold since the model series was introduced on the market at the beginning of the year, while the smart fortwo has been doing well since April 2009, with sales of 1,500 units. Mercedes-Benz Cars offers 16 model ranges in China, with a total of 52 different models. The sales network currently encompasses approximately 130 dealerships and is scheduled to be expanded next year.
Growth also posted in the other BRIC countries: Brazil, India, and Russia
Mercedes-Benz also grew in the other BRIC countries in November. Sales of Mercedes-Benz vehicles were up 81 percent in Brazil in November, and 25 percent in India. Meanwhile, the brand grew by three percent in Russia in November.
Higher production capacities in China and India
Due to the high local demand, Mercedes-Benz Cars is focusing the activities of its production network in China and India strongly on these growth markets. For example, the production capacity of the BBDC Automotive Cooperation in Beijing will be substantially increased. The plant currently produces the C-Class for the Chinese market. Meanwhile, Mercedes-Benz India opened a new production plant in Chakan, Pune, in February. The facility’s total area of approximately 400 hectares offers additional space for expanding production capacity.

Receive the latest automotive news by email!

Enter your email address:


Related news
Mercedes-Benz boosts sales by 12 percent in December, continuing positive trend - sales in fourth quarter of 2009 increased significantly by 13 percent Mercedes-Benz in many markets performs better than the market as a ...
Best first quarter ever for the Mercedes-Benz Cars division with 318,700 units delivered to customers Sales of Mercedes-Benz brand vehicles up six percent through March Record demand for new C-Class continues Deliveries ...
Mercedes-Benz brand deliveries in April up 16 percent to 105,400 units Sales of new C-Class sedan and station-wagon models reach record level With 13,600 vehicles delivered, smart fortwo April sales doubled Combined sales ...
FRANKFURT, Germany (AP) _ DaimlerChrysler AG (NYSE:DCX) said Thursday that sales of autos from its Mercedes Car Group rose six per cent in June amid demand for its luxury sedans and that ...
Mercedes-Benz brand sells 98,100 vehicles in May C-Class sedan and station wagon continue record-setting course New SL roadster thrills customers with even sportier design: Sales of the model increase 48 percent ...
STOCKHOLM (AP) _ AB Volvo, maker of Mack Trucks in the United States, said Friday its earnings grew 19 per cent in the second-quarter on strong sales in Europe and North America. The ...
Ford Motor Company achieved record first quarter sales of 90,791 units in China Ford brand passenger vehicles posted sales of 47,214 units, a 54 percent ...
Shortly after the market launch of the new E-Class, Mercedes-Benz is also offering the world's most successful business saloon as a specially protected E-Guard model. This is mainly distinguishable from the standard model ...

Best Investment Newsletter

- 46% in 2008

- invest in the best performing US stocks only and sell them when the uptrend is over

- very easy to follow, simple buy/sell signals

- no need to have investing or trading experience

Find More Now!


Mercedes-Benz Posts Continuing Growth in China
> © 2006-2017 AutoNews24h.com except where otherwise noted