🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Mercedes-Benz USA reports modest sales growth in 2023

EditorRachael Rajan
Published 12/01/2024, 01:40 am
© Reuters.
MBG
-

ATLANTA - Mercedes-Benz (OTC:MBGAF) USA (MBUSA) announced a slight increase in total sales for 2023, with 351,746 vehicles sold, marking a 0.2% rise compared to the previous year. The company experienced a notable surge in electric vehicle (EV) sales, which jumped by 248%, totaling 43,202 units and accounting for 15% of overall passenger vehicle sales for the year.

In the fourth quarter of 2023, MBUSA sold 72,313 Mercedes-Benz passenger cars and 17,701 vans, culminating in 90,014 vehicles for the quarter. The top-end vehicle segment, including high-performance Mercedes-AMG models and luxury SUVs like the GLS and the fully electric EQS SUV, saw a 15% increase in sales compared to 2022.

The core segment also performed well, with sales reaching 39,481 units in the fourth quarter, a 14% increase from the same period in 2022. The C-Class led this segment with a 25% year-over-year increase, selling 32,698 units in 2023.

However, the entry segment experienced a slight downturn, with total sales decreasing by 4% compared to 2022. Despite this, the CLA model enjoyed a 12% rise in sales, with 9,802 units sold.

Van sales also showed positive momentum, with a 14% increase in the fourth quarter and an 8% rise year-over-year, totaling 69,517 units sold in 2023. This growth comes as MBUSA prepares to launch the all-new eSprinter, its first fully electric van in North America.

Mercedes-Benz Certified Pre-Owned (MBCPO) models also saw an uptick, with a 2% increase in sales, reaching 137,518 vehicles in 2023.

Dimitris Psillakis, President and CEO of Mercedes-Benz USA, attributes the growth to the company's strategy of expanding its top-end vehicle and EV offerings, as well as enhancing the customer experience both digitally and at physical dealerships.

The information in this article is based on a press release statement from Mercedes-Benz USA.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.