Daimler have announced their second quarter results with an 8% growth in unit sales to 822,500 vehicles and a 7% growth in revenue to 41.2 billion Euro over the comparative last year figures.
“We had an excellent second quarter. This strong core business is the best basis to exploit new business models around the CASE topics,” stated Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. CASE stands for the four strategic pillars of connectivity (Connected), autonomous driving (Autonomous), flexible use (Shared & Services) and electric drive (Electric), which Daimler is linking up intelligently. “Our strategy is taking effect. We have set ourselves ambitious goals. And we are achieving them – in terms of unit sales and profitability. Step by step, we are optimizing efficiency throughout the Group. The transformation of Daimler is going ahead at full speed. And we have everything we need for it: the resources to invest and the scope to innovate.”
The rounding out of the E-class offerings and the launch of the GLC helped in the positive showings of Q2. Unit-wise breakdown of sales figures shows Mercedes-Benz Cars (595,200 vehicles, +9%), Mercedes-Benz Vans (103,400 vehicles, +4%) and Daimler Trucks (116,400 vehicles, +8%).
Quoting from Daimler’s release, their outlook for the rest of 2017 is “The outlook for the world economy continues to be favourable at the beginning of the third quarter of 2017, so global growth could accelerate slightly this year. Current growth forecasts for full-year 2017 are meanwhile for about 3%.”
According to recent assessments, worldwide demand for cars is likely to increase from its already high level by 1-2% in 2017. This would be the eighth consecutive year of growth for the world market. Only slight growth is expected for the Chinese car market, however, after tax incentives for cars with small engines were reduced this year. Although the US market for cars and light trucks remains at a high level, it will probably be slightly smaller than last year’s volume. Slight growth is anticipated for the European car market. Following the strong revival of demand of recent years, the market in Western Europe should grow again slightly compared with 2016. In Russia, a significant recovery from a low level can be assumed. Daimler anticipates slight growth in demand in the Japanese market and significant growth in India.”