Mercedes has announced a rise in sales for the fourth quarter of 2020, attributing the increase to its ‘electric product offensive’. With more than 1.3 million vehicles sold, this is the strongest fourth quarter in company history. The German automotive giant has seen strong growth over the past few years and this trend is set to continue as they focus on electric vehicles and autonomous driving technology. In this blog post, we’ll take a closer look at Mercedes’ Q4 performance and explore what their plans are moving forward.
Mercedes-Benz announces fourth-quarter sales growth
Mercedes-Benz announced its fourth quarter sales results today, posting a 3.6% year-over-year increase. The company attributed the growth to strong demand for its “electric product offensive” vehicles.
The brand’s SUV lineup continued to be a bright spot, with the GLC and GLE both posting double-digit sales increases. The GLC was up 11.5% while the GLE saw a 13.7% jump. Mercedes’ compact cars also drove sales, with the A-Class and GLA both seeing healthy growth.
Despite the overall positive results, there were some weak spots in Mercedes’ lineup. Sales of the S-Class fell 7.4% while the C-Class was down 2%. The company’s flagship sedan has been struggling recently as customers shift to SUVs.
Looking ahead, Mercedes is betting big on electric vehicles. The brand plans to launch 10 new EVs by 2025 and it believes they will make up 20% of its global sales by 2030. With strong demand for EVs expected to continue, Mercedes is well positioned for continued growth in the coming years.
The company attributes the growth to its
The company attributes the growth to its ” electric product offensive,” which includes the EQC SUV and the EQV van. Mercedes says that it has seen ” double-digit percentage increases” in demand for its electric vehicles, and that this is leading to an overall increase in sales. The company is also seeing growth in other areas, such as its Maybach luxury brand and its AMG performance division.
Mercedes plans to launch 10 new all-electric vehicles by 2025
Mercedes-Benz plans to launch 10 new all-electric vehicles by 2025 as part of its “electric product offensive.” The German automaker announced the plans during its fourth-quarter earnings call on Wednesday.
“With our electric product offensive, we are setting out to make e-mobility the new hallmark of Mercedes-Benz,” said Daimler CEO Dieter Zetsche. “By 2025, we will have more than 10 all-electric cars in our portfolio. Some will be pure battery-electric vehicles, others will be plug-in hybrids.”
The company did not provide specifics on which models will get the electric treatment but said that the move is part of its goal to have electrified versions of all its models by 2030.
Zetsche also announced that Mercedes’ sales grew 3.4 percent in 2019 to a record 2.3 million vehicles, led by strong demand for its SUVs. The company’s SUV sales rose 8 percent last year, while sales of its sedans and coupes fell 1 percent.
