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Name | Symbol | Market | Type |
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Mercedes Benz Group AG (PK) | USOTC:DMLRY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 14.32 | 14.00 | 14.45 | 0.00 | 01:00:00 |
By Mauro Orru
Daimler AG said Wednesday that its Mercedes-Benz brand had its best second-quarter car sales in China to date due to a recovery in demand.
Quarterly car sales for the Mercedes-Benz brand in China rose 21.6% to 207,107 units, with a total of 346,067 in the first half of the year, the German premium car maker said.
"Mercedes-Benz's best second quarter to date in China shows the impressive speed at which demand is currently recovering in our largest market. From April to June, the effects of coronavirus had a strong impact on our deliveries in Europe and North America. By now, nearly all of our world-wide dealerships have reopened," Britta Seeger, member of the boards of management of Daimler and Mercedes-Benz, said.
The company also said Mercedes-Benz Cars & Vans sold 523,307 cars and commercial vans globally in the second quarter, with a total of 1,071,136 in the first half.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 08, 2020 05:18 ET (09:18 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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