Mercedes-Benz's Q2 Car Sales Drop Due to EV Demand Decline

TapTechNews July 10th news, German carmaker Mercedes-Benz said today that due to the decline in demand for battery electric vehicles, its car sales dropped by 6% in the second quarter. The company said it will regain the lost market share by increasing production capacity and introducing new models.

It is reported that Mercedes-Benz sold a total of 600,100 cars in the second quarter of 2024, of which only 51,000 were pure electric vehicles, a year-on-year decrease of 23%.

The company expects its sedan business to see sales growth in the second half of the year due to improved product supply and the introduction of more new models.

In addition, Mercedes-Benz China announced sales data showing that in the second quarter, Mercedes-Benz's deliveries in China increased by nearly 10% quarter-on-quarter, and the cumulative deliveries in the first half of 2024 exceeded 352,600. Among them, the core luxury product matrix deliveries increased by nearly 6% in the first half of the year and increased by more than 15% quarter-on-quarter in the second quarter.

TapTechNews noted that the overall sales of Mercedes' competitor BMW during the same period only decreased by 1.3%, and its electric vehicle sales increased by 22.2%.