Nearly 1 of every 2 Mercedes-Benz sold in the third quarter of 2022 went to China. This remains the most important market for the German luxury automaker.
By September, the German company had delivered 1.5 million vehicles this year, and 520,100 cars were sold in the third quarter, making revenue increases of 21% compared to the same period last year.
The report for the three months since July shows over 200,000 cars were sold in China, nearly triple what was sold in the United States. The number was 152,700 in Europe and 83,200 North America.
The company diversified its product range for the Chinese market, from new energy cars such as EQE and C350 e L to high-end vehicles like Mercedes-Maybach, Mercedes-AMG, and the G-class. It also plans to promote the electric car Vision EQXX to Beijing and Shanghai.
Britta Seeger, a member of the Board of Management of Mercedes-Benz Group AG, said, “In a challenging business environment – primarily defined by ongoing semiconductor shortages – we continue to see robust demand for Mercedes-Benz resulting in the strongest sales quarter this year.”
Despite the poor economic outlook and worsening COVID pandemic in China, sales in this area skyrocketed by 37 percent in the third quarter from the 150,600 units sold during the same period last year.