Mercedes-Benz sales skyrocket


Global Mercedes-Benz (DDAIF) sales climbed 13% in the first-half of 2014, due to high demand in China and other Asian markets. Sales in June were up 8% compared to a year earlier.

Strong growth in Asian markets led China to report a 38% increase for the first six months of the year, accounting for 17% of the company's world-wide sales.

However, other markets attained more modest growth trends. Sales in the U.S. and Europe grew by approximately 7%, while Germany, Mercedes' home market, fell flat in the first-half of 2014.

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Comments (10)
  • Retired and loving it
    , contributor
    Comments (689) | Send Message
     
    At 17% of sales it is probably a safe bet that China contributes close to 40% of profits for Daimler. As China goes so will Daimler. This is yet another example of why buying pure China exposure is not really that important for most investors. Who needs the risk of a Chinese rail company when you can simply buy Daimler.

     

    The Japanese car companies however are not in a similar position. I guess the Chinese do not feel inclined to drive a Lexus given what Japan did to China in the 1930's.
    4 Jul 2014, 10:27 AM Reply Like
  • Clark Zhao
    , contributor
    Comments (28) | Send Message
     
    Man…you haven't heard several months ago? So many Toyota/Honda/Lexus owners fear to drive on the street. As they can get pulled out of the car and beaten. Cars got wasted.

     

    Jap car selling well in China because they paired with some greedy local manufactures so the price is lower. So does BMW which is now producing several lines in China as well.

     

    Benz…people in China have to pay double or more than North America. And they are trying everything to get away from Lexus. Believe or not, Benz dealers in Toronto does NOT do cash sell to Chinese people no more, because they will buy all and ship back to China. Rich people in China will pay local Toronto people $1000 dollars on top just use their name to buy a GL500 in cash.

     

    But you know this wouldn't last long
    4 Jul 2014, 12:14 PM Reply Like
  • MisterJ
    , contributor
    Comments (1169) | Send Message
     
    Kind of ironic with flat sales in the home country only. But I love the stock and it was a real bargain a couple years back.
    4 Jul 2014, 12:30 PM Reply Like
  • kata
    , contributor
    Comments (1381) | Send Message
     
    FYI, Benz strength appears to be centered in the "S" class, with 111% YOY growth.
    4 Jul 2014, 01:22 PM Reply Like
  • positivethoughts
    , contributor
    Comments (2064) | Send Message
     
    Money printing in China - good for Mercedes.

     

    It's ironic that people spend so much money on overly-complicated cars that have more mechanical and technical failures than the average Honda Civic. It's all about image with luxury car buyers, not about durability and quality. Most luxury car buyers can't even change their own spark plugs, or even their own oil. As if they understand anything about the supposed extra 'tech' they are buying for their dollars.

     

    Mercedes uses dual spark generated combustion technology (two spark plugs per cylinder) that is more expensive and is no more efficient than the single spark tech in my honda. Mercedes also uses alot of plastic for their engine parts, unlike the metal found in my Honda (an my previous Toyota). Plastic doesn't last as does the metal parts in my engine bay. BMW is also a major plastic user. Why pay $80 - $100k for a plastic engine set-up. Makes no sense at all. Good thing most luxury car buyers lease their cars or have the company supply the car to them.

     

    My sister in law insists on Mercedes. I am trying to get her to buy a Honda, or at the most - an Acura; but she wants Mercedes and only Mercedes. It's all about the image of success for her. Ayia.
    4 Jul 2014, 02:59 PM Reply Like
  • kata
    , contributor
    Comments (1381) | Send Message
     
    They are beautiful cars and who cares about the spark plugs? But get a look at the new Hyundai Genesis. One Gorgeous auto. Mercedes watch out.
    4 Jul 2014, 08:06 PM Reply Like
  • positivethoughts
    , contributor
    Comments (2064) | Send Message
     
    Mercedes entire engine compartment is filled with overdone tech. It costs more and makes the car more unreliable.
    5 Jul 2014, 12:09 PM Reply Like
  • leopardtrader
    , contributor
    Comments (3619) | Send Message
     
    But they said China is a fake economy with fraudulent economic numbers, full of fraud and "buyer beware" ? Am I confused or just been immersed in lies by our media yet their owners now spend most of their times in China?
    Chinese people love to work hard, are highly educated and take risks without looking for handouts from government. Their future is assured
    4 Jul 2014, 09:01 PM Reply Like
  • positivethoughts
    , contributor
    Comments (2064) | Send Message
     
    Most young Chinese are lazy as sh*t. I am married to a Chinese lady, frequent Chinese areas, have a chinese girlfriend and generally spend 80% of my time around Chinese people. Most young Chinese in Canada live off of their parents incomes and assets. Yes, some of them study hard, but many of them don't make near the income that they spend. They might make $6,000 per month, but spend $8,000, supplemented by their families fortunes. This will dry up in the long run.

     

    China, after being opened up in the 90s, had alot of powerful government employees who received huge sums of Chinese RMB. They then took those monies and invested it throughout the world. Their kids are living off the benefits of that.
    5 Jul 2014, 12:13 PM Reply Like
  • leopardtrader
    , contributor
    Comments (3619) | Send Message
     
    You mean Chinese in Canada ( where there is government handouts) or Chinese in China ( where there is non)? They are two different worlds. Necessity remains the mother of all inventions.
    5 Jul 2014, 01:17 PM Reply Like
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