Economy, Auto

Mercedes-Benz China Sales to Slow

Mercedes-Benz China Sales  to SlowMercedes-Benz China Sales  to Slow

Sales of Mercedes-Benz vehicles in China will "moderate" over the remainder of 2016, compared with a 39% year-on-year growth in the first quarter, the brand's China head said on April 25. Mercedes-Benz's sales in China rose three times as fast as BMW's in the first quarter, to make the brand the biggest seller of luxury cars globally, monthly registration figures showed earlier this month. The latest outlook was provided by Mercedes' China chief, Hubertus Troska, during a media roundtable at the Beijing Motor Show. Mercedes is owned by Daimler AG. The moderation phrase may be related to wider economic woes afflicting the Chinese economy. According to several auto companies in China, sales of many segments are beginning to slow, as growth witnessed in recent years continues to taper out.