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Mercedes-Benz BEV sales drop 23% YoY

2.6K views 30 replies 14 participants last post by  raspy  
#1 · (Edited)
#6 ·
OR

Mercedes-Benz BEV Sales UP by 24% compared to just 24 Months Ago
{and 380% in 4 years}

Dependant of course on which spin X are pushing today

( not much mention of Tesla fall in sales in 2024 on X…..I cynically note)
It was Greg Kable posting own X. He's a fairly seasoned (and well rounded) motoring journo rather than the head dope spanked out on ketamine 🤣

To be fair I did post about Tesla drop in deliveries recently too...
 
#27 ·
#28 ·
Will be interesting to see BMWs totals for 24, but their Q1 to Q3 figures were 294,000, up 19% on the same period for 23. This was for fully electric vehicles and made up 16.8% of their world wide sales. Numbers are from a Google search BMW Group posts significant BEV growth in challenging market conditions.
One thing about BMW is that they seems to just went ahead and done the job rather well. There was never a lot of publicity stunts or shouting in the media. Kind of silent invasion 😂. I am the first to admit that the current crop of EV they offer is really good. Pricey of course but really good. I think that in a few more years they will be a really strong player in the market of EV's especially if they offer smaller (not Mini) BMW cars.
 
#8 ·
As a Mercedes fanboy I think their cars are pretty damn good far better than Tesla or most others in those respects that matter to me, but not as good as Tesla but catching up on software, though the navigation is the same and as good. Their problem in my view is the cost, they are exorbitantly expensive way above the premium you may expect to pay for their generally better build and performance than the average car. They are however still a mass market vehicle whatever anyone says albeit a premium one nowadays costing more than just a premium price.
Also the EQE/S has struggled in the states. I am on a Mercedes only forum with a lot more American input and have been since the days of ICE and they have a demanding attitude that is sometimes unrealistic and I think many new to electric owners who would never consider a Tesla as it is too modern went to Mercedes and are struggling to make the switch plus Americans infrastructure seems patchier than ours in Europe some areas good others not.
The EQ range is stopping after the current models and the new CLA coming this year will be showcasing the next generation. The EQA, B and C are old tech and there is a lot of newer competition out there giving longer range and better efficiency the EQE,S are improved and can still compete well (apart from price) but still only v 1.8 the CLA is the next generation.
Be interesting to see a proper breakdown of where the drops are is it the Chinese market cooling (which it has overall) Germany all of Europe the states?
Here in France the GLC plug in is selling like hotcakes, those owners will probably go BEVso this maybe a blip Mercedes has to ride through until the new models come on stream. They need to get new models in the smaller segments for Europe as the pressure for downsizing of cars, particularly here in France, is happening fast Plus will the premium luxury price model continue to be viable at a time when everyone is feeling economic pain which will no doubt get worse before it gets better thanks to Trump.
 
#10 ·
As a Mercedes fanboy I think their cars are pretty damn good far better than Tesla or most others in those respects that matter to me, but not as good as Tesla but catching up on software, though the navigation is the same and as good. Their problem in my view is the cost, they are exorbitantly expensive way above the premium you may expect to pay for their generally better build and performance than the average car. They are however still a mass market vehicle whatever anyone says albeit a premium one nowadays costing more than just a premium price.
Also the EQE/S has struggled in the states. I am on a Mercedes only forum with a lot more American input and have been since the days of ICE and they have a demanding attitude that is sometimes unrealistic and I think many new to electric owners who would never consider a Tesla as it is too modern went to Mercedes and are struggling to make the switch plus Americans infrastructure seems patchier than ours in Europe some areas good others not.
The EQ range is stopping after the current models and the new CLA coming this year will be showcasing the next generation. The EQA, B and C are old tech and there is a lot of newer competition out there giving longer range and better efficiency the EQE,S are improved and can still compete well (apart from price) but still only v 1.8 the CLA is the next generation.
Be interesting to see a proper breakdown of where the drops are is it the Chinese market cooling (which it has overall) Germany all of Europe the states?
Here in France the GLC plug in is selling like hotcakes, those owners will probably go BEVso this maybe a blip Mercedes has to ride through until the new models come on stream. They need to get new models in the smaller segments for Europe as the pressure for downsizing of cars, particularly here in France, is happening fast Plus will the premium luxury price model continue to be viable at a time when everyone is feeling economic pain which will no doubt get worse before it gets better thanks to Trump.
Overall they were 17% up on their 2024 total here in the UK, but that’s all powetrains. Not sure how their BEV numbers stack up.
 
#13 ·
@simcity Snapshots can be useful for headline stats on a platform like X, but one has to dig a bit deeper to understand the story behind the stats, and what it all means.

I personally have tried out the EQE and EQS as I was genuinely considering both models for my own use, but I found the cons outweighed the pros. It feels like the cars were trying to be so technologically advanced and efficient, that MB forgot that people don't necessary want cars that look like a slippery bar of soap.

"Mercedes-Benz will drop the ‘EQ’ prefix for future electric vehicles and focus on more appealing exterior designs, according to one of its engineering chiefs.

Speaking to UK publication Top Gear, Mercedes-Benz vice president of engineering, Christoph Starzynski, said criticism of its electric cars’ looks as bland has been taken on board, with the company now working on more pleasing future designs."

I think MB will continue to face strategic challenges with EV sales, until the new CLA is launched which promises to be address all their failures so far with their existing EVs, but throw in overall efficiency of 5.2 miles per kwh.

As @Rbrian said, context is really important

From Dec 2024

"Mercedes-Benz's works council chief said the carmaker must urgently win back market share and rethink its China strategy so sales did not drop below 2 million a year, which he said would be 'unacceptable' to labour representatives.

'We would not be satisfied with any less than two million cars a year - we need that to use our German sites to capacity,' Ergun Lümali said in an interview with German newspaper Frankfurter Allgemeine Zeitung (FAZ) published on Monday.

His comments come as tension increases between management and labour representatives in Germany's car industry over how to protect market share in the face of cheaper competition from China. Executives insist they must make deep cuts to survive while labour representatives blame management for misguided strategies.

Mercedes-Benz Cars sold 1.46 million cars in the first nine months of this year, down 4.3% from the same period of 2023, with demand hit particularly by weakness in China's economy and EV-only sales trailing far behind BMW.

The luxury carmaker expects full-year sales slightly below 2023's 2,043,800 units.

Chief Executive Ola Kaellenius in 2020 turned back a decades-old strategy of chasing sales volume to focus on the industry's most profitable segments, launching a programme to cut costs by over 20% by 2025 to take the brand further upmarket.

But some investors have advised the carmaker to amend that strategy, with premium EV models failing to take off in China in the same way as more affordable cars have done.
'We need growth, growth, growth,' said Lümali to FAZ. 'New strategies are needed.'"

Looking at the US market for MB in 2024

"Mercedes-AMG posted a record fourth quarter with sales of 16,169 units. The G-Class also had its best year ever as customers snapped up 10,987 SUVs."

Mercedes bet big on electric vehicles and this appears to be a bust. EQB sales were down 36% for the year, while the EQE lineup fell 39%. The range-topping EQS lineup was even harder hit as sales plummeted 52% to a disappointing 6,963 units. Even the eSprinter is struggling as the company only found 828 buyers."

The company’s other sedans experienced a decline as the CLA was down 2%, while the E-Class was off by half as much. The S-Class fared far worse as sales fell 25% to 8,809 units."

Maybe this decision will stimulate EV sales in the USA in 2025, given the non Tesla charging network in the USA is terrible for those who do road trips.

"Mercedes-Benz announced Thursday that starting next month, its EVs are getting Supercharger access.

The company will soon start selling EVs equipped with the Tesla North American Charging Standard (NACS) port later this year, and it's also selling an adapter at dealers so existing Mercedes EVs can plug in to Superchargers.

The adapter is $185 and, says Mercedes, 'the only adapter tested and certified for safety and compatibility with all MercedesBenz BEVs and any NACS DC fast charging point.'"

PHEVs are becoming more attractive in general to new car buyers in the US, over BEVs and MB have benefited

"Mercedes’ own data proves that demand for plug-in hybrids is on the rise, as it reported a 470% increase year-over-year.

This is partly explained by the fact that the manufacturer had more PHEVs on sale in 2024 compared to the year before. It currently sells five PHEVs in the States, which offer class-leading electric-only range."

And for the US market, whilst some in the UK and Europe may feel that PHEVs are pointless, for many American consumers, it will be appealing, especially with MB's products.

"Bloomberg is out with a report this week that extols the virtues of what it calls 'super hybrids' — cars with enough battery-only range to handle most people’s daily driving needs without assistance from the onboard gasoline engine. In fact, it gets downright giddy when talking about the Mercedes GLC 350e, a plug-in hybrid that can travel up to 50 miles on electrons alone, no molecules needed.

The Mercedes GLC 350e offers four zones of climate control and its headlights project icons such as the image of a pedestrian or a bicyclist on to the roadway to warn drivers of hazards ahead. But the SUV’s most impressive trick, Bloomberg says, is that it can travel from Ossining, New York, to Midtown Manhattan and back again on battery power alone without ever once calling on its turbocharged, four-cylinder gasoline engine for extra power.

;You start covering a customer’s daily driving entirely when you get into technology like this, which changes the game,' said Bart Herring, vice president of sales and product at Mercedes-Benz USA. The GLC 350e provides 50 miles of electric range, which Herring calls the 'magic number,' because the majority of US drivers do not drive more than 50 miles a day. Bloomberg enthuses that auto executives have created a 'killer app' for the large number of American drivers between EV-curious and EV-skeptical. It calls the car a 'super hybrid,' and suggests it and plug-in hybrids from other manufacturers may be the key to unlocking the door to the EV revolution in America.

In the third quarter of 2024, US consumers bought three times as many Mercedes plug-ins as they did in the same period the previous year. Roughly half of those buyers had never owned a Mercedes before. 'You find customers who still aren’t sure about electric and this speaks to them. I have to say, I didn’t quite get it until I drove one for nine months. I barely ever touched gas.'"

Where will the growth come from the MB in years ahead? India for sure.

This is from July 2024 and having visited India twice last quarter, the growth in very wealthy households is astonishing (yes, I know that a lot of people are still very poor) and the ambition to have a lot more EVs on the roads is really tangible.

"German luxury car maker Mercedes Benz India is betting on its battery electric vehicle (BEV) range now as it posts 60 per cent year-on-year (Y-o-Y) rise in BEV sales, resulting in a penetration of 5 per cent in overall sales in the first half of the calendar year (H1CY24), doubling from 2.5 per cent last year.

The company launched the EQA 250+ on Monday priced at Rs 66 lakh, which comes with a range of 497-560 km for a single charge. At the same time, it also launched a facelift version of the EQB 350 (5-seater version) priced at Rs 77.5 lakh.

The company also started bookings for the upcoming electrified G-Wagon from Monday, which is expected to be launched in the second half of the year. In the second half, Mercedes Benz plans to launch two new BEVs — the G Wagon electric and the EQS SUV Maybach — taking its total EV portfolio in India to six models. It currently has three models — EQB, EQE SUV & EQS sedan — apart from the launch today.

What is interesting is that in order to push the EV offtake amongst consumers, the company is offering an assured 67 per cent residual value for its cars at the end of four years.

Speaking to Business Standard, Santosh Iyer, MD and CEO, Mercedes Benz India, said: 'We are confident of our product and technology, and, therefore, we are offering a similar residual value like our internal combustion engine (ICE) cars.'

Iyer said that they produce their BEVs in India and have achieved a 30 per cent localization.

As such, Mercedes posted its best-ever H1 calendar sales in H1CY24, delivering 9,262 cars between January and June this year. This is a 9 per cent Y-o-Y growth.

Around 55 per cent of this comes from SUVs, and 25 per cent from top-end vehicles (those priced above Rs 1 crore).

The Maybach was the fastest-growing portfolio in H1CY24 — clocking 108 per cent growth. The company did not share segment-wise breakup of sales.

Iyer said, 'We had a lot of pent-up demand on the Maybach, and the supplies came in H1CY24. Our top-end vehicles continue to contribute 25 per cent of our overall India sales. And we delivered a lot of Maybachs in the first half of the year.'

The waiting period is still 3-12 months for a Maybach, he added."
 
#14 · (Edited)
It feels like the cars were trying to be so technologically advanced and efficient, that MB forgot that people don't necessary want cars that look like a slippery bar of soap.
Indeed the EQE SUV is no Looker the EQC looks much sharper and exciting and that says something as the EQC is not really exciting, but then nor are the Tesla’s………I think maybe MB looked at Tesla too much seeing how they took the market by storm and then just tried to put the MB values over it. I for one will be interested in what comes next my only worry is having had c nd e class is that the smaller cars WILL NOT match the edge the bigger cars get in luxury the need to cut costs always shows through in them☹

edited to add in terms of looks the CLA which is a from the smaller range and front wheel drive (it’s underpinnings are a class) so not the traditional Mercedes rwd always looked classy and expensive better than the c often in the showroom setting and certainly out in the wild so maybe the designers of that who pulled off that subtle difference will be called in. I cannot put my fingers on way it always turned my head when I saw one but it did……
 
#17 ·
They have not actually had anything new in the full BEV this year which might also be a factor. I think the UK market has also suffered a bit by the long tail sales of the EQC which they stopped in early 23 yet the last models have only just been sold……many stripped of the Auugmented Reality and Burmester sound system. How these cars have been treated in such long period of storage may become an issue so this could be a reputation problem building🤷‍♀️ I have seen a report of a battery failure in a newly registered car. It also has to be said the EQC still excells over many rivals in some ways BUT in the basics of range and efficiency there is much better options out there now hence I assume why they have taken so long to shift.
The EQC was a damn good car and indicated Mercedes had really cracked BEV at their first attempt but it arrived just at the wrong time and suffered badly as a result (covid slowing sales and then the chip shortage followed by the inflationary period we are just coming out of) a shame.
I love my EQE which has been fine mechanically but the software was troublesome in minor ways (ambient lighting on delivery) couple of keyless go door handles failed (I suspect American OEM poor quality control but not an unknown issue across the range) and a windscreen trim flew off on the motorway at 130km luckily not hitting anyone else! Again I put that down to poor American build, I am prejudiced by the way on the basis of the history of the ML which was not a good model to buy…..the current GLE has fared much better though.
The EQA is also now quite old in the tooth so the sooner it’s replacement is out the better for Mercedes and I would say Tesla take note fiddling at the edges may not be enough to tempt buyers back when there is now so much more choice out there.
 
#3 ·
More context is needed. Is this global, or regional? Which regions did better or worse? How is the wider market doing? What about close competitors, like Audi and BMW? What regulatory changes have there been? Supply or production difficulties?

As it is, it doesn’t mean anything.
 
#7 · (Edited)
1st column in table. Global sales.

Doubtless we'll find out where BMW, VAG etc are fairly soon as their annual sales results are published.

Local markets are a variable feast. I posted about the huge drops in BEVs in both France and Germany in 2024 - massive drops. In the UK our BEV market actually expanded (to the surprise of many).
 
#18 ·
Is a weird one. Other than price (far from a minor issue) it's hard see why MB not knocking 6's out the park.

Is a weird thing say that an EQS is your first ever car purchase (at 60 years old) but it's basically true bar £300 run em into the ground cars. And I knew it was over priced and that depreciation on top end bloaters like mine is terrible. Is why I've always had same as company cars then bought them end of lease for family and neighbours :)

But I have to confess having watched the value drop with the benefit of time, it would have been a valid argument to have waited and bought one with tiny milage a year old. In my ridiculous case I couldn't wait and didn't want to. Not a situation most folks enjoy I understand. And it was bought home to me after being picked up far too well oiled, by an EQE Uber driver in Marlow one night .... he told me what a bargain his was. I didn't fully believe him to be honest .... but I was wrong.

The hard product like Parkwood says, is on the money. Bar the feedback of a few loon car reviewer types just drag racing EQE's and EQS's and the like up an old runway, they are reviewed super well and loved by those who took the plunge. None of us who took one were interested how they blasted away against an Audi or a Beemer ... it'd just not what they for. And in my case some things that were promised in the marketing blub that near materialised .... the situation in Ukraine was blamed, originally with some truth, later it became an excuse. But that aside, it's been (and still is) quite marvellous.

In terms of 'what they are for' they are remarkable. But (full circle) they are a shed load of cash. That layered on market and economy situ and the wobbles thrown into the EV market in Europe and UK but the likes of Sunak made for a miserable confidence factor the last 18 months ... not just for MB but the quality proposition German makes seem to have suffered most.

And now of course whilst we were all scratching heads and finding reasons not to do things, the Chinese ("a great bunch of lads") just strolled by with a confident grim and said "we'll have some of that". Their crop is near harvest time!

And that begs the horrible question of what will I have next time? Well right now I see not so much to move on to until 2030 when they (sadly) merge the EQS with the S. It may work out well lets see.

But my gut says that a NIO ET9 or (maybe strangely) a Kia EV9 or even a Range Rover Electric 'could' be on the cards ...... rather sadly with the bias being towards the Asian options. But I genuinely hope that MB, BMW, and VW can recapture the imagination, be innovative again and increase the value proposition.
 
#20 ·
The CLA may give us all a heads up if the new multi purpose approach ie combined EV ICE option will work. And frankly based on my experience I am sure it will. The EQC was an adapted ICE model as is the A and B. The EQE is a ground up BEV and better but I am pretty sure that is more to do with full air suspension as well as the attention to detail on soundproofing which will still be needed for EV.
All the journalists hot air at the time about Mercedes using the GLC chassis was I think overstated myself. If you see the images of the engine bays of the EQE and S they are still enormous with tiddly little units in them so enough space for the dirty ICE unit.
I could be talking rubbish of course and no doubt it will be something the journalists can pontificate about to their hearts content it gives them copy slightly outside the norm🙄
 
#23 ·
What’s the context of the previous year. So if there was a year end rush to qualify for incentives in important markets in 23, or like in Germany incentives were withdrawn (in 24?) then a fall in 24 might not be so surprising. Largely depends on how the sales are skewed to particular markets and how much they were affected by incentives.