Mercedes-Benz Cars sales reached 510,600 units (-4%) in the third quarter, a solid performance in a volatile market. Volumes were impacted by a model changeover for the E-Class and a supply-chain bottleneck which constrained availability of the GLC. Sales of the Mercedes-Maybach rose by 26% during the same period.
The transformation of Mercedes-Benz continues with hybrid and electric vehicles now accounting for 20% of overall sales and battery electric car sales up 66% in the quarter.
In the first nine months of the year, Mercedes-Benz Passenger Car battery-electric vehicle sales almost doubled (+97%) and Top-End vehicle sales rose 6%. Total sales reached 1,529,800 units (+2%) in the three quarters ending September, in line with the Mercedes-Benz Cars full-year guidance of keeping sales at the prior-year level.
“Customers continue to desire our products even in a volatile market environment, with Top-End vehicles proving popular also in the all-electric segment particularly with the EQS SUV. At the same time, we are preparing to set new benchmarks also in other segments. At the IAA in Munich, we unveiled the new Concept CLA Class and gave a first impression of how we will elevate the electric experience for our customers to a new level,” said Britta Seeger, Member of the Board of Management of Mercedes-Benz Group AG, responsible for Mercedes-Benz Cars Marketing and Sales.
Sales of Mercedes-Benz Cars battery electric vehicles (BEV) reached 61,600 units (+66%) in the third quarter, boosted by the EQA (+108%) and EQB (+96%) models, which remain strong sellers even ahead of their mid-lifecycle upgrades. The EQS and EQS SUV models continue to lead the electric luxury segment, with 26,300 (+53%) units sold year-to-date. Sales of the electric smart reached 3,900 units (+107%) in Q3. Including plug-in hybrids, xEV sales at Mercedes-Benz Passenger Cars increased by 19% to 98,400 units in the third quarter resulting in more than 1 million Mercedes-Benz electric and hybrid vehicles on the road.
The company continues to expand charging options for its customers worldwide, installing its first own high-power charging stations this fall and by joining a new charging network joint venture across North America starting in 2024.
Top-End
Sales in the Top-End segment reached 246,500 units (+6%) in the first nine months of the year and 69,900 units in Q3 (-11%). Mercedes-AMG sales were impacted by model changeovers, in particular of the GLC. Mercedes-AMG BEV sales rose by 51% in the third quarter.
The G-Class once again proved its unique positioning in the market with Q3 sales up by 11% even ahead of a model makeover in 2024, Mercedes-Maybach sales were up by 26% to 6,600 units during the same period. Sales of the GLS SUV increased by 3% to 13,300 units in Q3 and the all-electric EQS SUV more than doubled sales to 3,700 units (+162%).
The Mercedes-Benz S-Class is still outpacing its competitors with a growth of 9% in the third quarter in China, reaching a dominating market share of more than 50% in its segment. Worldwide, S-Class sales reached 16.900 units in Q3 (-18%).
Mercedes-Benz continues to lay the foundations for expanding the market for Top-End vehicles also in an electric era, with the Mercedes-Maybach EQS SUV, and by focusing on excellent customer service. A survey of customer experience satisfaction among New Energy Vehicle (NEV) customers in China, which was conducted by the Chinese arm of JD Power, showed that Mercedes-Benz ranked #1 among all brands.
Core
Q3 sales in the Core segment reached 290,200 units (-1%) underpinned by the C-Class, which saw sales of 82,000 units (+6%) between July and September and reached 241,700 units (+11%) in the first nine months of the year. Sales of the E-Class increased by +3% to 75,200 units in the third quarter, ahead of a model changeover which will see a new generation of the E-Class hit European showrooms this autumn. Demand for the new GLC continues to outstrip supply. Sales during the quarter were down 17% to 81,500 units as production was impacted by a supplier bottleneck.
Entry
Sales in the Entry segment reached 150,500 units (-5%) as the A-Class and B-Class models received a mid-lifecycle makeover. Thanks to strong sales of electric vehicles, the BEV-share of third-quarter sales in the entry segment reached 23%. Sales of GLA and GLB reached 26,800 (-15%) and 36,300 units (-9%) respectively, impacted by part shortages.
