Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

Mercedes Benz Cars sales fall 12 pct in August



By AP
05 September 2008 @ 01:29 pm ET

FRANKFURT, Germany - Daimler AG said Friday its Mercedes-Benz car division's sales in August fell by 12 percent compared to the same month a year ago, dragged down by faltering sales in western Europe.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
DAI 26.39 -10.72

The company said western Europe sales were down nearly 20 percent for the month, but also emphasized that August 2007 had two extra sales days.

Overall, the company sold 84,400 vehicles, compared with 96,200 in August of 2007.

The company said despite the slowdown, demand for new models like the CLC sports coupe increased by 60 percent, while sales of the SL-class saw a rise of 31 percent.

Developments were also much more positive for the Smart brand, Stuttgart-based Daimler said. Worldwide sales of the car increased by almost 30 percent in August, with nearly 20,000 of the 90,000 sold destined for the U.S.

"The Smart fortwo is now in greater demand than ever before," said Klaus Maier, the company's sales and marketing chief.

For the first eight months of the year, Mercedes-Benz saw a 5 percent increase in car sales. Smart brand sales alone rose by over 50 percent.

Mercedes Benz Cars sales increased in China by nearly 60 percent for the first eight months, while sales in the U.S. rose only 1 percent.

Shares of Daimler fell 4.2 percent to 39.69 euros ($52.32) in Frankfurt, where stocks were broadly lower.

___

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name


advertisement
More Industries
China said on Saturday its policy toward foreign acquisitions of domestic firms was fair, explaining that broader national concerns take precedence over ...
China's ambitious plan to increase wind power capacity could attract up to $150 billion in investment, but Beijing will have to get serious about revampi...
Top oil and gas firm PetroChina raised daily output at its largest Sulige gasfield, in northern China's Ordos Basin, to 25.6 million cubic metres, up 67 ...

Advertisement
Press Release Distribution - IBwire

Effective and Affordable Press Release Distribution Service

Option Trading Was Never So Easy

Come and experience the trading platform that everyone talks about. Simple, fast and exciting.

Forex trading is too complicated?

Can predict currency pairs movements? Binary option trading is what you need. Click here.

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives