Are Mercedes EQS sales declining?
Mercedes’ annual figures pool sales of the EQS sedan and EQS SUV, which in 2024 totaled 6,963 units compared to 14,499 units in 2023. That’s a 52% drop, and it shows the brutal reality of electric vehicle sales last year, which saw increased competition and more buyers choosing hybrids or plug-in hybrids. Mercedes-Benz took a gamble when it decided to style its line of electric vehicles to look like amorphous blobs. Even though they are objectively good EVs that wear one of the most prestigious badges in the business, Mercedes’ EQ models just aren’t finding buyers.Therefore, Mercedes-Benz’s luxury positioning and its costly long-term maintenance fees are parts of its weaknesses in attracting a larger group of consumers in the EV market. Mercedes-Benz underwent several large-scale recalls in its history due to emission scandals and fire risks in its EV model EQS and EQC.Last week, Mercedes-Benz revealed that it will now delay its goal of becoming an electric vehicle-only brand by 2030. The firm added that it will continue to produce internal combustion-engined cars and hybrids well into the next decade.To keep costs down, the company is also tightening its production budget over the next two years. It’s not giving up on electric cars, though. Nearly half of the 40 new models planned by 2027 will be battery-powered. But Mercedes isn’t going all in on electric just yet.Mercedes is currently not quite on the sunny side of the automotive industry. The premium manufacturer is grappling with three strategic core issues. The car crisis has reached Mercedes-Benz. Profit slump, sales decline, cost-cutting—the prosperous years are over.
Is Mercedes sales dropping?
Mercedes-Benz Group AG’s vehicle sales declined in the second quarter after trade tensions led by President Donald Trump’s tariffs hit demand in the US and China. Mercedes’ global car sales fell 9% to 453,700 units from a year earlier, the German company said Monday. The year 2024 has been a difficult year for Mercedes-Benz. Between the slowdown in demand for electric vehicles, the stagnation of the Chinese market, the crisis in the luxury sector and the difficulties of the German industry as a whole, the car manufacturer is showing a sharp decline in annual results.Mercedes-Benz’s current ratio of 1. With a ratio above 1, Mercedes-Benz is well-positioned to meet its short-term obligations, showcasing financial stability amid market fluctuations.Mercedes-Benz’s revenue fell short of expectations in the second quarter of 2024. The German luxury carmaker anticipates continued weak demand and has adjusted its margins guidance downward.Mercedes-Benz Group AG net current debt for the quarter ending September 30, 2024 was $-2. B, a 0% increase year-over-year. Mercedes-Benz Group AG net current debt for the twelve months ending September 30, 2024 was $-5. B, a 1430.
Is Mercedes doing well in sales?
A good sales performance in Germany, China and the U. S. Top-End vehicle sales grew by 34% quarter-on-quarter to 82,800 units driven by Mercedes-AMG, S-Class and G-Class sales underpinned by solid demand in the United States in particular. Comparative Sales Figures: Audi vs. Mercedes. The sales battleground has Audi trailing behind Mercedes, showcasing the latter’s robust demand. In 2023, Mercedes-Benz took the lead with 2,043,800 units sold, while Audi registered 1,895,240 cars sold globally.Mercedes-Benz Group AG’s vehicle sales declined in the second quarter after trade tensions led by President Donald Trump’s tariffs hit demand in the US and China. Mercedes’ global car sales fell 9% to 453,700 units from a year earlier, the German company said Monday.Electric vehicle sales have taken a nosedive, and profits are shrinking. To cope, the automaker is cutting back on global production. It’s also rethinking its push towards electric cars, shifting focus back to traditional combustion engines. Mercedes expects a rough 2025, with earnings likely to take a big hit.BMW has announced a move away from electric vehicles, stating that it has successfully addressed the challenges of hydrogen engine technology. The company revealed significant progress in hydrogen fuel cell development, which it sees as a more sustainable alternative to conventional electric cars.
Do Mercedes lose value quickly?
The average Mercedes-Benz vehicle will retain over 47% of its value after five years. There are also models, such as the GLA, GLB, and GLC SUV, that will retain over 50% of their original value. Mercedes-Benz SUVs generally hold their value better because they have a higher level of popularity. The E-Class is among the largest-selling Mercedes-Benz cars in India. Mercedes-Benz India has reported its highest-ever annual sales since it began operations in the country 30 years ago. The automaker sold a record 19,565 cars between January and December 2024, marking a 12.November 21, 2023 – Mercedes-Benz has further expanded its leading position as the most valuable luxury automobile brand in the world in the current “Best Global Brands 2023” ranking. After five years in a row at number eight, the star now shines as the seventh most important brand in the world.
What is Mercedes profit in 2025?
For Q1 2025, the firm’s net profit stood at €1. In the first three months of 2025, the automotive giant’s adjusted EBIT fell by 29% to €2. German luxury carmaker BMW has suffered a slight decline in sales in 2024, according to annual figures released by the company on Monday. Overall, total deliveries fell by 4% to 2.
What sells more, BMW or Mercedes?
BMW retains the crown as a best-selling premium brand in 2024. Due to a complicated economic and political climate and falling demand for luxury products, sales of the three German premium manufacturers – Audi, BMW, and Mercedes – have fallen. However, BMW retained its crown as the best-selling premium brand globally. If you value comfort, Mercedes is a top pick in the luxury car scene. But if you’re looking for a thrilling driving experience, BMW is the way to go. BMWs also have better reliability and safety.From exhilarating performance models to state-of-the-art tech features, Mercedes offers a more exhilarating and upscale experience. Both brands tout impressive lineups, making the decision between them not so simple. Lexus prioritizes dependability and value, while Mercedes focuses on performance and refinement.If you like sporty driving, BMW is a good option, and if you want luxury and comfort, Mercedes is the better choice between the two for BMW vs Mercedes interior. Anyway, no matter the car you buy and the brand you choose, you’ll have a high-quality driving experience from both car brands.If you value comfort, Mercedes is a top pick in the luxury car scene. But if you’re looking for a thrilling driving experience, BMW is the way to go. BMWs also have better reliability and safety. Hopefully, that information about BMW and Mercedes was helpful!Audi’s attention to detail is evident in the quality of materials used throughout the cabin. Recommendation: If you seek a luxurious and technology-rich interior, both Mercedes-Benz and Audi offer outstanding experiences. However, Mercedes-Benz distinguishes itself with its elegant design and cutting-edge technology.