Mercedes-Benz Q1 sales driven by electric and top-end vehicles

12 April 2023, 12:37:45

Mercedes-Benz Cars sales reached 503,500 units (+3%) in the first quarter with Top-End and battery electric vehicle (BEV) sales up 18% and 89% respectively. Despite ongoing supply-chain disruptions, economic headwinds and geopolitical uncertainty, G-Class, Mercedes-AMG, Mercedes-Maybach and Entry segment electric vehicles posted strong sales figures.

Battery electric vehicle sales rose to 51,600 units (+89%) in the first quarter, reaching 10% of overall sales, up from 6% in the year-earlier period. Mercedes-Benz Passenger Cars (excl. smart) BEV sales more than doubled in the first three months (+119%). Entry segment electric vehicles proved popular with EQB sales up 189% and EQA sales rising by 64%, while EQS SUV sales reached 5,500 units. Battery electric vehicle sales surged by 327% in the United States and 41% in Europe. The EQE SUV was launched in the U.S. market ahead of the model’s launch in Europe and China in the second quarter. Including hybrids, almost every fifth vehicle sold in the first quarter was electric.

The all-electric EQS SUV had a promising market launch with 5,500 units sold. The fully electric EQE Sedan attracted 9,400 new customers in Q1. 11,200 units of the all-electric versions EQB (+189%) and 10,800 units (+64%) EQA were sold in Q1. In Europe, BEV sales rose by 41% and accounted for 17% of total Mercedes-Benz Cars sales in Europe in the first three months. BEV sales in China rose by 109% driven by EQA, EQB and EQE. The new EQS SUV and the locally produced EQE SUV will launch in China in the second quarter. In the U.S. market BEV sales (+327%) more than quadrupled in the first three months. Battery electric vehicles now account for 14% of Mercedes-Benz Cars sales following the market introduction of the EQB, EQE, EQE SUV and EQS SUV.

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