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Business & Finance

Mercedes sales slump in Q2 as chip crisis continues

By : cd on 12 Jul 2022, 12:48     |     Source: reuters.com

Mercedes

Mercedes-Benz sales fell sharply in the second quarter, hampered by supply issues and coronavirus-related lockdown measures in China, the carmaker said on Monday.

The automaker delivered 490,000 passenger cars from April to June, down 16% from the same period last year, it said.

Sales in Asia fell 20%, due mainly to lockdown measures, while sales in Europe were down 10% and North America saw a dip of 3% in the second quarter of 2022.

The carmaker added that demand remained high, particularly for luxury models such as the Maybach and the electric cars in the EQ model series.