Mercedes-Benz reports strong EV and Top-End segment growth

London, 11 July, 2023, (Oilandgaspress) Demand for battery electric (BEV) and Top-End segment vehicles lifted sales of Mercedes-Benz Cars by 6%, to 515,700 units in the second quarter, and by 5% to 1,019,200 units in the first half of 2023. Sales were boosted by solid demand in Germany and the United States in particular. Mercedes-Benz continues to remain disciplined, even in a dynamic market environment.

Mercedes-Benz Passenger Cars battery electric vehicle sales rose to 56,300 units in Q2, a 123% increase compared with the prior-year quarter, underscoring the priority of scaling EV’s. This increase was mainly driven by the demand for the EQA (+73%) and EQB (+83%) and the EQE Sedan (+157%). In the first six months of 2023, Mercedes-Benz Passenger Cars sold 102,600 BEV’s worldwide (+121%). Fully electric vehicles now account for 11% of overall sales year-to-date. Including plug-in hybrids Mercedes-Benz sold 187,600 electrified vehicles (+36%), corresponding to a global xEV-share of 18% at the end of June. The U.S. market continued its transformation towards electric cars with a rise in the share of Mercedes-Benz battery electric vehicles to 16% at the end of June, compared to 3% in the first half of last year. Mercedes-Benz announced last week that customers in North America will gain access to the Tesla Supercharger network, another step towards accelerating the shift to electric vehicles.

Mercedes-AMG G 63

Sales in the Top-End segment rose by 12% to 84,800 units in Q2 and 15% to 176,600 vehicles in the first six months of 2023. Mercedes-AMG increased global sales by 19% to 38,000 units in the second quarter, supported by a strong SUV segment and launches of the AMG derivatives of the C-Class and SL. Demand for the iconic G-Class remains high and sales increased by 29% to 11,000 units in the second quarter. In April 2023, the 500,000th model of the legendary Mercedes‑Benz G-Class rolled off the production line in Graz. Mercedes-Maybach lifted global sales by 39% to 6,500 vehicles in Q2 and was able to further expand its customer base, especially in the U.S. market. The brand will further upgrade its series models with an optional Night Series package. The Mercedes-Benz EQS SUV has been introduced in all key regions, with 10,900 units sold in the first half of 2023.

Sales in the Core segment were up 2% to 276,600 units in the second quarter. Sales of the E-Class increased by 11% in Q2 to 73,000 units and reached 146,300 units (+2%) in the first six months. Sales of the EQE Sedan more than doubled to 9,000 units (+157%) and sales of its SUV sibling, the EQE SUV reached 10,000 units in Q2. In the second half of the year, the global ramp up of the new GLC, E-Class and CLE models will continue.

Sales in the Entry segment increased by 11% to 154,100 units in Q2 and even grew 19% in the first half of 2023, reaching 317,500 vehicles. The recently upgraded CLA saw sales rise 31% to 21,700 units in Q2. First-half sales of compact SUVs GLA and GLB reached 65,100 units (+19%) and 74,700 units (+23%) respectively. Together with its electric versions EQA (+69%) and EQB (+125%), the compact SUVs accounted for more than half of sales in this segment in the January to June period. Mercedes-Benz Passenger Car BEV-share rose to 15% in this segment in the first half of 2023 compared to 9% a year-earlier.

Sales overview

 Q2 2023Q2 2022Change in %H1 2023H1 2022Change in %
Mercedes-Benz Cars 515,700 487,100+6%1,019,200974,100+5%
–       thereof Mercedes-Benz BEVs 61,200 31,300+96% 112,900 58,600+93%
–       thereof Mercedes-Benz P.C. BEVs56,30025,200+123%102,60046,400+121%
–       thereof smart BEVs4,9006,000-19%10,30012,200-16%
Mercedes-Benz Cars sales by segments*      
Top-End 84,800 75,500+12% 176,600153,500+15%
Core 276,800 272,600+2% 525,200552,800-5%
Entry 154,100 139,100+11% 317,500267,800+19%
Mercedes-Benz Cars sales by regions and markets      
Europe** 157,100 149,900+5% 321,000301,300+7%
–       thereof Germany 58,600 47,600+23% 119,000 97,600+22%
Asia 239,200 217,400+10% 486,900456,800+7%
–       thereof China 183,600 164,600+12% 374,600350,700+7%
North America*** 98,800 96,200+3% 173,900170,400+2%
–       thereof U.S. 88,100 83,200+6% 152,600148,000+3%
Rest of World 20,700 23,600-12% 37,500 45,600-18%

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