Overview
- Mercedes-Benz, which reported results Thursday, said it sold 499,700 cars and vans in the first quarter, down 6% from a year earlier.
- Passenger-car deliveries fell 6% to 419,400 as sales in China dropped 27% in a market the company called challenging.
- Excluding China, passenger-car sales rose 5% on gains in Europe and the United States.
- Executives point to new model launches and stronger interest in S- and G-Class vehicles to rebuild sales momentum.
- Mercedes keeps a midterm goal of about 2 million annual car sales before 2030, noting it does not expect to reach that level by 2027.