Mercedes-Benz Warns of Weak China Luxury Car Demand
Mercedes-Benz Group reported a 27% year-on-year decline in China sales, citing economic strains, property sector weakness, and higher fuel costs. The company expects continued subdued demand in China's premium vehicle market despite plans for new vehicle launches. The situation highlights challenges for German automakers in the region.
Topics: China luxury car market economic strains electric vehicles fuel costs Mercedes-Benz property slump unemployment