Mercedes-Benz electric vehicles sales tripled in Q1

May 05, 2022

Mercedes-Benz (OTCPK:DDAIF) reports deliveries of S-Class vehicles rose 67% in Q1 and sales of plug-in hybrid and battery electric vehicles reach 67,800 units despite semiconductor supply shortage and COVID-19 restrictions affected business.

The top-selling model GLC delivered 100,400 units in the quarter.

The company tripled sales of battery electric EQ models to reach 21,900 units, +210%.

Plug-in hybrid vehicles grew 8% to 45,900 units.

Battery powered vans sales up 133% to 2,700 units.

Mercedes-Benz Certified Pre-Owned (MBCPO) models sales -5.9% Y/Y to 32,932 vehicles.

“Our electric offensive is off to a very positive start with strong results and high demand for the EQS in the first quarter, and our dealer partners did a fantastic job to deliver for our customers amidst some shortages of our most popular model lines,” said Dimitris Psillakis, President and CEO of MBUSA. “We are poised to accelerate our electric strategy with the high performance EQS AMG sedan and the world premiere of the all new EQS SUV later this month.”

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