Its move upmarket served Mercedez-Benz well in the first three months of 2022.
The rise in prices and the success of its luxury car category have thus improved the German car manufacturer’s profits in the first quarter. But its overall sales are in decline (-10%). And the manufacturer is worried about the consequences of Covid on the supply chain and the war in Ukraine on the rest of the year.
For the first three months of 2022, the Stuttgart-based company reported an 11% increase in operating profit to €5.2 billion and a 3% increase in net profit to €3.6 billion.
Featured photo : © Mercedes-Benz