Record China Sales Boost Daimler

Global sales jumped 12.9%

Daimler said on August 4 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% from a year earlier to 106,100, including 97,700 for Mercedes, a gain for the brand of 17.1%.

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% in Germany, its main domestic market, and by 2.5% in Western Europe.

In the United States, sales gained 7% 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 annualized growth.

Smart brand sales declined further, however, losing 20.1% 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%.

Copyright Agence France-Presse, 2010

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