Breaking News, World News and Taiwan News.

Mercedes-Benz says China to pass UK as No. 3 market

SHANGHAI -- Daimler AG's Mercedes-Benz expects China to surpass the United Kingdom as its third-biggest market next year with its sales growth in the Asian country outpacing the overall auto market. Nationwide auto sales will likely rise by as much as 15 percent next year, Mercedes-Benz China head Klaus Maier said Monday at an auto show in Guangzhou. The automaker's China sales this year will probably rise 65 percent to 65,000 cars, he said.

Mercedes expects sales in China to only lag behind Germany and the United States next year, helped by growth that has put China on course to pass Japan as the world's No. 2 economy. Bayerische Motoren Werke AG, the world's biggest luxury-car maker, also announced plans for a new China plant earlier this month. “We are always confident that this market will continue to grow, especially in the luxury-car segment, as we believe the Chinese economy will continue to grow,” said Bjorn Hauber, general manager for sales and marketing at Mercedes-Benz China.

Sales of Mercedes cars rose 55 percent in China in the first 10 months of this year to 50,700, making it the nation's fastest-growing luxury-vehicle brand.

The company expects its cars sold in China to be evenly split between imports and locally made models by the end of next year, Maier said. At present, 70 percent are imported.

Daimler Chief Executive Officer Dieter Zetsche said this month he expects Mercedes to overtake BMW in China “soon.” China is the world's biggest market for Mercedes-Benz's S-Class model.

Subscribe to The China Post and save 25%. Click here
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Sponsors
Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
Save 70% for hotel in Shanghai and 6000 hotels, in Beijing, Guangzhou, Shenzhen, and all China.
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search