Sales of Mercedes-Benz cars fell in the third quarter due to weaker demand By Reuters

Victor Boolen

Sales of Mercedes-Benz cars fell in the third quarter due to weaker demand By Reuters

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BERLIN (Reuters) – Mercedes-Benz ( OTC: ) reported a slight drop in car sales in the third quarter as weaker demand, particularly in Asia, outweighed improved product availability, the automaker said on Thursday.

The company sold 503,600 cars, down 1% compared to the same quarter last year. Of these, 42,500 were battery electric vehicles, representing a 31% year-on-year decline.

© Reuters. People take pictures at the Mercedes-Benz stand during a press day of the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan, October 25, 2023. REUTERS/Issei Kato/File Photo

In China, sales fell 13 percent to 170,700 vehicles as lower demand, particularly for luxury goods, and continued price cuts weighed on sales, according to Mercedes-Benz.

The product line-up in China will be enhanced this year with further updates to Intelligent Drive in the mainstream segment, he added.



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