Mercedes-Benz Cars sales fell 4% year on year to 510,600 units in the third quarter of 2023 with the automaker describing the result as “a solid performance in a volatile market”.
Volume was restrained by the E-Class update change over and “a supply chain bottleneck which constrained availability of the GLC”.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Hybrid and electric vehicles now account for 20% of the brand’s sales while battery electric (BEV) sales were up 66% to 66,100 units in the quarter. In the first nine months of the year, BEV sales rose 97%.
Overall sales rose 2% to 1,529,800 units in the nine months to 30 September, in line with full year guidance of keeping sales at the 2022 level.
In Europe, Q3 sales increased 12% to 164,200 units and reached 485,200 units (+8%) year to date (YTD).
Sales in Asia were flat at 736,300 units (+0%).
North America sales dipped 3% to 248,800 units YTD.
