Mercedes-Benz sales dropped significantly in the second quarter due to supply issues and lockdowns in China because of the coronavirus, the German automaker reported on Monday.
Over April through June, the carmaker shipped 490,000 passenger cars, a 16 percent decrease from the same time in 2017.
Sales for its Cars segment fell by 16 percent for a total of 998,000 deliveries in the first half of 2022.
China, the largest single market, saw the worst decline in second-quarter sales, falling by 25% to 163,700 vehicles, according to the automaker.
Sales in the Asia-Pacific area decreased by 20%, primarily as a result of lockdown measures, while sales in Europe declined by 10% and in North America by 3% during the quarter.
Mercedes-Benz is still expecting slightly higher sales in 2022 than in 2021, according to a spokeswoman. Sales director Britta Seeger stated that “client demand remains high” despite worries about rising inflation.
According to Seeger in a statement, popular luxury automobiles include the Maybach and the EQ model series of electric vehicles.
According to the automaker, 100,000 units of the more affordable Mercedes-Benz Vans were sold globally in the second quarter, barely below the same period last year.