Daimler expects double-digit growth in its North Asia sales next year

Article by Christian Andrei, on August 29, 2010

Daimler AG predicts that it will achieve double-digit growth in its North Asia sales next year, according to Ulrich Walker, the chairman and CEO of Daimler Northeast Asia. At a media briefing last Monday, Walker said that the North Asia region is on track to sell 95,000 vehicles, including cars, trucks and vans, this year.

The North Asia region is composed of mainland China, Hong Kong, Taiwan and South Korea. China, of course, is now the biggest auto market in the world and Daimler expects that its sales growth in China will exceed the projected industry average of 15 percent next year.

Walker said that the company's sales projection would represent a sharp drop from its 2009 passenger-vehicle sales growth target in China, which is likely to be between 64 percent and 68 percent.

Helping fuel Daimler's growth in China is the scheduled launch of the new Mercedes-Benz E-Class medium-premium car in mid-2010, along with loans offered by its own financing unit. Unfortunately, the sales trend in other countries cannot be said to be as optimistic.

Daimler's Mercedes-Benz unit sold 8,500 cars in China in November, a 224% increase from a year earlier. Walker also asserted that full-year sales in 2009 in China were expected to outperform its previous target of 65,000.

Topics: daimler, asia, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Each time that Mini launches a new generation of the Countryman crossover, a John Cooper Works performance version is always expected to follow. When Mini unveiled the next-gen 2017 Mini...
by - January 18, 2017
Ford Mustang customers won’t be able to specify the V6 powerplant for the latest iteration of the carmaker’s pony car. This comes as the new 2018 Ford Mustang is saying...
by - January 18, 2017
The man sitting at the top of the performance division of Mercedes-Benz – Tobias Moers – cryptically indicated that the Mercedes-AMG GT4 could be really coming. Moers, chief executive of...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries