Daimler's China chief said sales rose 3 percent in the first quarter, defyi...
FILE PHOTO: Hubertus Troska, a board member of Daimler AG presents the new Mercedes Concept EQA car during the Frankfurt Motor Show in Frankfurt, Germany September 12, 2017. REUTERS/Kai Pfaffenbach
SHANGHAI - Daimler’s China chief said sales rose 3 percent in the first quarter, defying an overall downturn in demand in the world’s biggest car market, thanks to robust demand for ultra luxury vehicles like the Mercedes S-Class Maybach. “The Maybach it is still going excellent. Demand is more than 600 a month,” Daimler’s China chief Hubertus Troska told reporters at the Shanghai Auto Show.
Despite increasing the list price for the car, demand has risen from a sales rate of 500 a month, Troska said. China’s move to lower value added tax will help boost overall demand for cars for the rest of the year, Troska added.Reporting by Edward Taylor; Editing by Tassilo Hummel
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