💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Mercedes-Benz U.S. November sales down 12 percent

Published 12/02/2015, 02:04 PM
Updated 12/02/2015, 02:10 PM
© Reuters. A Mercedes-Benz logo is seen on S500 car at the company's vehicle assembly plant in Chakan
MBGn
-
BMWG
-
VOWG_p
-

FRANKFURT (Reuters) - Mercedes-Benz sales in the United States dropped 11.7 percent in November, due to popular model lines running out and a limited availability of top-selling SUVs, the luxury division's parent company Daimler (DE:DAIGn) said on Wednesday.

The diesel emissions scandal rocking Europe's largest carmaker Volkswagen (DE:VOWG_p) had no impact on Mercedes' U.S. sales, a Daimler spokeswoman said, adding that diesel vehicles only contribute between 4 and 6 percent to sales in the region.

Mercedes-Benz sold 33,475 vehicles in the United States in November, more than in any previous month this year, the carmaker said.

Last year Daimler posted record figures for the United States as consumer's appetite for big cars and sport-utility vehicles was stimulated by low oil prices, an improved job market and low interest rates.

Other German carmakers BMW (DE:BMWG) and VW reported U.S. sales figures on Tuesday. While BMW sales increased 3.2 percent reflecting an overall positive trend, VW - facing the biggest corporate scandal in its history after it understated diesel and carbon dioxide emissions - saw a 25 percent decline.

© Reuters. A Mercedes-Benz logo is seen on S500 car at the company's vehicle assembly plant in Chakan

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.