Record China sales boost Daimler

4th August 2010, Comments 0 comments

German luxury automaker Daimler said Wednesday that a record performance in China boosted its sales in July, posting its ninth straight double-digit gain despite a weak home market.

Global sales last month jumped 12.9 percent from a year earlier to 106,100, including 97,700 for Mercedes, a gain for the brand of 17.1 percent.

The company reported record sales of 14,600 vehicles in the fast-growing Chinese market, a four-fold increase on the same period last year.

However, sales slipped 1.8 percent in Germany, its main domestic market, and by 2.5 percent in Western Europe.

In the United States, sales gained seven percent to 17,400.

Overall, sales of the Mercedes E- and S-Class models drove the overall result, Daimler said, posting its ninth consecutive month of double-digit annualised growth.

Smart brand sales declined further, however, losing 20.1 percent to 8,400 vehicles.

Like its main rivals Audi and BMW, Daimler has posted strong second-quarter results and forecasts growth "at a double-digit rate in full-year 2010."

In the first seven months of the year, sales were up 15.5 percent.

© 2010 AFP

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