Mercedes-Benz Sales at All-Time High

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Mercedes-Benz
Daimler AG
For the first six months of 2014, Mercedes-Benz reports that it has sold 783,520 vehicles, up 12.8% over sales in the first half of last year and the best six-month sales period in the company’s long history. Of the total sales 142,136 were passenger cars, a rise of 8%.

Mercedes-Benz reported that it sold 26,506 units in the U.S. in June and the sales total for the first half of the year is 151,624, up 6.8% year-over-year. The company plans to introduce its new C-Class models in the U.S. in September at a beginning price point of around $36,000. The C-Class is the company’s volume sales leader in the North American market.

A company official said that Mercedes-Benz was “on track to make 2014 into yet another record year.”

Sales in Europe are up 7.4% year-over-year, but the big gain has come in China/Hong Kong, where sales are up 37.5% to 135,972 units. The Chinese market will also be introduced to the company’s new C-Class cars in September.

Volkswagen’s Audi reported that its sales in China rose nearly 18% to 268,666 vehicles in the first half of the year. In June, Audi sold 50,756 cars in China, its strongest month ever.

Mercedes also sold 166,730 SUVs in the first half of 2014, up 6.8% year-over-year.

About the only downbeat news comes on sales of its smart fortwo car sales, down nearly 10%. The company is introducing the next generation of its smart brand later this month.

Demand for luxury cars from BMW, Audi, and Mercedes remains strong. All three outsold the General Motors Co.’s (NYSE: GM) Cadillac in June according to Kelley Blue Book, which sold just 13,941 vehicles in the U.S. in the month. Audi’s U.S. sales totaled 16,867, while Mercedes sold 28,707 units and BMW sold 30,201. The Lincoln brand from Ford Motor Co. (NYSE: F) sold just 7,271 units in June, a sequential drop of nearly 18% although Lincoln’s sales are up about 16% for the first six months of the year.

ALSO READ: Audi Replaces BMW as World’s Top-Selling Premium Car

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618