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Mercedes sales slump in Q2 as supply problems continue

Published 07/11/2022, 04:57 AM
Updated 07/11/2022, 07:25 AM
© Reuters. FILE PHOTO: The Mercedes-Benz logo is seen at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha

BERLIN (Reuters) -Mercedes-Benz sales fell sharply in the second quarter, hampered by supply problems and coronavirus-related lockdowns in China, the German carmaker said on Monday.

The automaker delivered 490,000 passenger cars from April to June, down 16% from the same period last year, it said.

For the first half of 2022, its Cars division saw a 16% decrease in sales, for a total of 998,000 deliveries.

Second-quarter sales slumped the most in China, the most important single market, falling 25% to 163,700 vehicles, the carmaker said.

Sales in the Asia region fell 20%, due mainly to lockdown measures, while sales in Europe were down 10% and North America saw a dip of 3% in the quarter.

However, Mercedes-Benz is sticking with its 2022 forecast for a slight increase in sales compared with 2021, said a spokesperson. Despite concerns about rising inflation, "customer demand remains high", sales director Britta Seeger said.

© Reuters. FILE PHOTO: The Mercedes-Benz logo is seen at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha

Luxury models in particular, such as the Maybach and electric cars in the EQ model series, are especially popular, Seeger said in a statement.

The smaller Mercedes-Benz Vans business remained just under last year's level with 100,000 units sold worldwide in the second quarter, according to the carmaker.

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