Mercedes Achieves New Record Sales In September And 3rd Quarter

Mercedes-Benz has posted a new best September and 3rd Quarter records in its History. A total of 223,838 cars were sold in September, while July to September saw a total of 590,514 cars sold worldwide.

German automaker, Mercedes-Benz, achieved a new September record with the sales of 223,838 vehicles worldwide. This figure means a growth of 10.4%, taking the total number vehicles sold from January to September to 1,725,243 vehicles.

July to September saw a total number of 590,514 Mercedes-Benz vehicles delivered to customers. This sales is also the best third quarter in the Daimler-owned company’s history.

Daimler announced the earnings before interest and taxes (EBIT) rose 8% to 2.69 billion euros, compared to 2.49 billion euros it achieved in the third quarter of last year. The net profit rose by 3% to €1,813 million (Q3 2018: €1,761 million).

Mercedes achieved these record sales despite the trade war, uncertainty about the Brexit, declining demand in China and other changes in the car market.

“We have posted the best-ever third quarter for Mercedes-Benz – a strong team performance of which we are extremely proud, especially in these challenging times,”

“In the year-end spurt, we want to further consolidate our ambition to remain the world’s leading premium automobile brand. Despite the highly competitive environment, we assume that Mercedes-Benz retail unit sales will increase slightly in the full year.”

“Strong sales at Cars and Vans supported our Q3 financial performance. However, in order to master the transformation in the next few years, we need to increase our efforts considerably: We have to significantly reduce our costs and consistently strengthen our cash flow,”

• See Related Post : Mercedes-Benz Global Sales Report For June 2019

The compact cars were the key segment with a double-digit growth, while the C-, E- and S-Class also posted sales increases worldwide in September.

Mercedes-Benz maintained its market leadership in the premium segment in markets including Germany, UK, France, Belgium, Portugal, Canada and South Africa.

World’s biggest auto market, China,
also achieved the best quarter of all time with 181,233 units (+12.9%) units of cars sold.

Daimler will be happy with these record sales after being handed $958m (roughly ₦346b) fine for its role in the diesel emissions scandal last month.

This settlement came a year after Germany’s government fined Volkswagen $1.18 billion (₦419 billion) over the diesel emissions cheating.

• See Related Post : Daimler Fined ₦346b For Selling Cars That Cheated Emissions Tests