Daimler AG Reports a 9 Percent Decrease for the Mercedes-Benz Cars Division in the U.S. for September 2008
Wednesday, October 01, 2008 1:01 PM
Symbols: DAI

- Total 20,557 of Units of Mercedes-Benz Cars Division Sold in U.S.

- Mercedes-Benz USA Records September Sales of 18,779

- smart USA Records 1,778 Sales in September

NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- Daimler AG (NYSE: DAI) today reported sales for the Mercedes-Benz Cars division (Mercedes-Benz and smart combined) of 20,557 units in the U.S. for September 2008. All sales figures in this release are on an unadjusted basis unless otherwise noted.

Mercedes-Benz USA (MBUSA) reported September sales of 18,779 vehicles, bringing the company's year-to-date volume to 177,298, a 1.6 percent decrease over its year-to-date record set last year. For the month, the Mercedes-Benz C-Class and M-Class model lines recorded gains of 11.9 percent and 1.1 percent respectively.

Sales for the smart fortwo remain strong with deliveries totaling 1,778 for the month of September. This brings the year-to-date total to an incredible 18,156 units in just over eight months of being offered in the U.S. market. smart USA expects to deliver its 20,000th smart fortwo in the month of October. The vehicle is attracting an overwhelming number of buyers who want a solution to high gas prices, a reduced environmental footprint and increased urban mobility on congested city streets -- all in a package that's fun to drive. The fortwo offers a powerful combination of outstanding fuel efficiency, innovative safety, environmental friendliness and low cost of ownership. There are currently 73 smart centers open in 35 states.

Detailed vehicle sales information for MBUSA will be announced later today in a separate press release issued by Mercedes-Benz USA.

    Mercedes-Benz Cars Division in the U.S. Sales Summary Through September 2008
                             Month Sales       %        Sales CYTD        %
                         Curr Yr   Pr Yr   Change  Curr Yr     Pr Yr  Change
                         -------   ------  ------  -------   -------  -----
    Mercedes-Benz USA     18,779   22,459   -16.4  177,298   180,265   -1.6
    smart USA              1,778     n/a*    n/a*   18,156      n/a*   n/a*
    Mercedes-Benz USA /
     smart USA combined   20,557  22,459*   -8.5*  195,454  180,265*   8.4*
     

* smart sales in the U.S. started in mid January 2008

Further information on Daimler is available on the internet at www.media.daimler.com

About Daimler

Daimler AG, Stuttgart, with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a globally leading producer of premium passenger cars and the largest manufacturer of commercial vehicles in the world. The Daimler Financial Services division has a broad offering of financial services, including vehicle financing, leasing, insurance and fleet management.

Daimler sells its products in nearly all the countries of the world and has production facilities on five continents. The company's founders, Gottlieb Daimler and Carl Benz, continued to make automotive history following their invention of the automobile in 1886. As an automotive pioneer, Daimler and its employees willingly accept an obligation to act responsibly towards society and the environment and to shape the future of safe and sustainable mobility with groundbreaking technologies and high-quality products. The current brand portfolio includes the world's most valuable automobile brand, Mercedes-Benz, as well as smart, AMG, Maybach, Freightliner, Sterling, Western Star, Mitsubishi Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges in Frankfurt, New York and Stuttgart (stock exchange abbreviation DAI). In 2007, the Group sold 2.1 million vehicles and employed a workforce of over 270,000 people; revenue totaled ?99.4 billion and EBIT amounted to ?8.7 billion. Daimler is an automotive Group with a commitment to excellence, and aims to achieve sustainable growth and industry-leading profitability.

SOURCE Daimler AG

(Source: PR Newswire )

More Options



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.


 
Rate :  Rate this Commentary  


 Number of Comments (0) Post Comment
 
  
Good Rating(+1)    Bad Rating(-1)
No Data Found

 
Enter Symbol
Enter Search String
Bookmark This Article
Email Article

Send this article by email


Recipient's Name
Recipient's E-mail
Your Name
Your E-mail
Related Quotes

 
  Home | Login |Research | Earnings | Scans | Chat Rooms | Charts | Submit Article | Join Blog Network | Contributors | Subscribe to RSS

copryright 2008 all rights reserved