Mercedes Q3 Car Sales Fall 8 Percent on China Demand
Mercedes-Benz reported an eight percent decline in third quarter car sales due to ongoing weakness in China. Despite the drop, group battery-electric vehicle sales increased by fifty-two percent during the period.
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Mercedes-Benz Group AG reported an 8% fall in third-quarter car sales during Wednesday morning trading, driven by weak demand in China . Total deliveries dropped to 407,200 units in the July-September period. The decline marks a challenging environment for the Germany-based automaker in its largest Asian market.
