Mercedes sees first-quarter gross sales rise on electrical and premium automobiles Reuters

(Reuters) – Mercedes-Benz Group gross sales rose reasonably within the first quarter of this 12 months, due to electrical automobiles (EVs) and premium automobiles, the German automaker mentioned on Wednesday.

World gross sales rose 3% to 503,500 automobiles, with Europe recording the strongest progress at 8%.

Electrical automobiles have been the principle driver of progress within the quarter, with gross sales virtually doubling to 51,600 items.

The highest phase, which incorporates fashions similar to AMG, Maybach and the G-Class, additionally confirmed strong progress of 18%, reaching 91,800 through the interval.

Brita Seeger, a member of the Mercedes board of administrators, mentioned that each segments carried out nicely “regardless of​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​авсевчасть disruptions within the provide chain, financial difficulties and geopolitical uncertainty.

Gross sales on the Mercedes-Benz Vans division rose 12% within the quarter to 98,900, its finest first-quarter end result.

Earlier on Wednesday, Volvo’s Swedish counterpart reported report first-quarter income, suggesting the corporate has begun to beat bottlenecks and inflation which have plagued the trade.