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Mercedes Benz continues to lose sales volume to arch rival BMW

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Manage episode 417264004 series 2343685
Content provided by Nine Radio and Radio 2GB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nine Radio and Radio 2GB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In the luxury car segment Mercedes-Benz has been the traditional top selling
marque however it lost this position for the first-time last year - BMW posting
annual sales of 26,184 to Mercedes-Benz’s 24,315. BMW has maintained its lead
this year with sales rising 8.5 percent in the first four months while Mercedes-
Benz has suffered a 29 percent decline. In the four months BMW made 7135 sales
to Mercedes Benz 5,540. Clearly, Mercedes-Benz move to an Agency model from
January 2022 where there is no discount available, with the company selling
directly to the customer at a fixed price has not been a success. The move has
also impacted dealer profitability and there is considerable unrest within the
Mercedes-Benz dealer group. In recent weeks some dealers now openly
advertising considerable end of financial year discounts on certain models to
stimulate business. I’m David Berthon

See omnystudio.com/listener for privacy information.

  continue reading

103 episodes

Artwork
iconShare
 
Manage episode 417264004 series 2343685
Content provided by Nine Radio and Radio 2GB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nine Radio and Radio 2GB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In the luxury car segment Mercedes-Benz has been the traditional top selling
marque however it lost this position for the first-time last year - BMW posting
annual sales of 26,184 to Mercedes-Benz’s 24,315. BMW has maintained its lead
this year with sales rising 8.5 percent in the first four months while Mercedes-
Benz has suffered a 29 percent decline. In the four months BMW made 7135 sales
to Mercedes Benz 5,540. Clearly, Mercedes-Benz move to an Agency model from
January 2022 where there is no discount available, with the company selling
directly to the customer at a fixed price has not been a success. The move has
also impacted dealer profitability and there is considerable unrest within the
Mercedes-Benz dealer group. In recent weeks some dealers now openly
advertising considerable end of financial year discounts on certain models to
stimulate business. I’m David Berthon

See omnystudio.com/listener for privacy information.

  continue reading

103 episodes

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