Mercedes-Benz is not yet aware of the historically low consumer confidence due to high inflation. Nevertheless, the German luxury car brand sold more than a fifth more passenger car from July to September than a year earlier.
Mercedes-Benz sold 517,800 cars in the third quarter, 21 percent more than in the same period last year. The Stuttgart company sold models from the brand’s middle segment more than a year earlier. However, the sales figures for the most expensive cars fell slightly.
“Global demand for Mercedes-Benz cars remains robust, even as uncertainty over energy supplies to Europe and ongoing Covid issues in Asia affect consumer confidence,” the group wrote in an update on its sales figures. Mercedes-Benz also had problems with the delivery of chips.
Mercedes-Benz sold 37 percent more cars in the Chinese market, which is important for luxury cars. Sales in Europe and the United States also increased by double-digit percentages. In addition, the number of electric cars sold doubled to 30,000.
Earlier this week, competitor BMW released its most recent sales figure. This group sold 9.5 percent fewer cars in the third quarter than a year earlier, partly due to parts shortages as a result of the war in Ukraine.
