By Besta Shankar: Subscribe to Besta's RSS feed
July 6, 2010 8:26 AM EDT
Sales of Mercedes-Benz cars globally were up 13.2 percent to 113,300 units in June compared with the same month in previous year, according to statement released by Daimler AG on Monday. The company states this record sales as best ever June performance in its history.
In the first six months of 2010, Mercedes-Benz sales were up by 15 percent to 556,700 units against 483,300 units in the first half of 2009.
The company attributes the record growth in sales to strong demand for luxury brand cars in the two of the leading markets for automobiles globally, China and the US.
“In June we succeeded in boosting our sales by a double-digit percentage for the eighth time in a row. Compared to last year, our sales were up in every region, the main growth drivers were the E- and S-Class,” said Dr. Joachim Schmidt, Executive Vice President Sales and Marketing, Mercedes-Benz Cars.
Like us on Facebook
The E-Class sedan recorded a 62 percent increase in sales during the first six months of 2010, to 101,700 units, the statement said.
Sales break-up
In China, Mercedes-Benz sales were up 177 percent to 13,700 units on a monthly basis and sales increased by 120 percent in the first half of 2010. Chinese automobiles market saw an increase in domestic sales of passenger vehicles by 10.89 percent in June, according to a report by China Automotive Technology Research Center released on Monday.
In the US and Japan, sales were up 20.5 percent and 26.5 percent respectively. Similarly, the brand saw an increase in sales by 174 percent in South Korea.
Mercedes-Benz also witnessed a strong growth in other emerging markets such as Brazil, Russia and India, where the sales went up by over 70 percent in June in each market. But, sales in Western Europe were down by 3.6 percent to 58,100 units.
"We are also in an excellent position to do well in the months ahead and plan to continue Mercedes-Benz's success with a significant increase in the third quarter," Schmidt said in a statement.
Overall, the total sales of Mercedes-Benz Cars division of Daimler AG, including Smart car, were up 10.6 percent in June and 11.6 percent in first half.
However, its Smart cars sales declined by 13.3 percent to 9,600 units in June and down by 17 percent for the first half.
Facing Uncertain Weekend, Investors Flee to Safe AssetsInvestors flocked to the security of safe-haven assets Friday, like U.S.
Diet Soda: Research Sparks Debate on Risks of Heart Disease, StrokePut down your diet soda and listen up. The bubbly zero calorie drink may increase your risk of heart disease, according to new research.
Greece in Turmoil as EU Austerity Package Put on HoldGreece’s financial future in doubt after ministers look again at strict terms of European rescue package.
Is Kim Jong-un Dead?Rumors of Kim Jong-un's death hit Weibo on Friday
We value your privacy. Your email address will not be shared.
