HomeIndustriesMercedes-Benz Announces Final Sales Figures of 2022

Mercedes-Benz Announces Final Sales Figures of 2022

Mercedes-Benz announced its final sales figures for 2022 on Tuesday. The company revealed that it delivered 2.05 million passenger cars over the course of the year, down 1% from 2021.

Aside from the marginal year-on-year decline, the auto manufacturer experienced a strong end to 2022 with fourth-quarter sales rising by 17% following the easing of logistical bottlenecks.

Company sales across Europe and North America grew by 1% and 3% respectively, with China proving to be the only key region to suffer a sales decline with a 1% drop. Sales across the rest of the world fell by 27% following the company’s suspension of its operations in Russia following the invasion of Ukraine.

Mercedes-Benz’s electric vehicle sales surged in 2022, with the company’s battery-electric sales growing by 124% over the course of the year. The company’s high-end Maybach vehicles also performed well, with sales up 37% year-on-year. In contrast, sales of the company’s entry-level vehicles declined by 10%, with the company attributing the drop primarily to supply bottleneck issues.

Rival carmaker BMW also experienced a decline in annual sales, reporting a 4.8% drop following 2.4 million vehicle deliveries in 2022. Like Mercedes-Benz, BMW’s sales success was also affected by the Russia-Ukraine conflict.

Weekly Jobless Claims Decline As Job Market Remains Tight

The latest U.S. weekly jobless claims report showed that the number of Americans filing new claims for unemployment benefits went down this week. This...

Global Central Banks Continue Rate Hikes Amid Banking Crisis

Multiple central banks across the globe implemented interest rate hikes this past week as policymakers look to advance the fight against inflation amid the...

U.S. Futures Up, European Stocks Lower Amid Growing Expectations Of Fed Rate Cut

U.S. futures edged higher on Thursday following bets that the Federal Reserve would cut interest rates in the near term. In contrast, European stocks...