{"id":7205,"date":"2023-04-12T15:25:16","date_gmt":"2023-04-12T15:25:16","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/mercedes-posts-rise-in\/"},"modified":"2023-04-12T15:29:47","modified_gmt":"2023-04-12T15:29:47","slug":"mercedes-posts-rise-in","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/mercedes-posts-rise-in\/","title":{"rendered":"Mercedes posts rise in Q1 sales boosted by EVs, premium cars"},"content":{"rendered":"<p>(Reuters) -Mercedes-Benz Group sales rose moderately in the first quarter of the year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday. <\/p>\n<p>Worldwide sales increased 3% to 503,500 vehicles, with Europe posting the strongest growth at 8%.<\/p>\n<p>The firm saw the biggest sales plunge in the rest of the world that includes all of the regions except Europe, Asia and North America. <\/p>\n<p>The number dropped by almost a quarter there, impacted by a  decision by the company to halt export and production in Russia in March last year.<\/p>\n<p>EVs were the main growth driver in the quarter, with sales almost doubling to 51,600 units.<\/p>\n<p>The top-end segment &#8211; which includes models such as AMG, Maybach and G-class &#8211; also demonstrated solid growth of 18%, reaching 91,800 for the period.<\/p>\n<p>Britta Seeger, a Mercedes board member, said both segments posted strong results &#8220;despite ongoing supply chain disruptions, economic headwinds and geopolitical uncertainties&#8221;. <\/p>\n<p>Sales in the Mercedes-Benz Vans division grew 12% in the quarter, reaching 98,900 &#8211; its best first-quarter result ever.\u00a0\u00a0<\/p>\n<p>Earlier on Wednesday, Swedish peer Volvo reported record first-quarter profits in a sign the company had begun to overcome bottlenecks and inflation that hampered the industry.<\/p>\n<p> (Reporting by Andrey Sychev, Editing by Friederike Heine, Robert Birsel)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/mercedes-posts-rise-in\/file-photo-a-logo-of-mercedes-benz-is-seen-outside-a\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3B07U-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3B07U-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Mercedes-Benz Group sales rose moderately in the first quarter of the year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday. Worldwide sales increased 3% to 503,500 vehicles, with Europe posting the strongest growth at 8%. The firm saw the biggest sales plunge in the rest of the world [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":7206,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-7205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3B07U-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=7205"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7205\/revisions"}],"predecessor-version":[{"id":7244,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7205\/revisions\/7244"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/7206"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=7205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=7205"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=7205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}