Mercedes back in No. 4 spot on E-class sales
The Korean unit of the German automaker sold 5,796 vehicles last month, equal to 4 percent of the total 114,632 vehicles. The sum places it fourth after Hyundai Motor (31.2 percent), Kia Motors (22.8 percent) and SsangYong Motor (6.1 percent).
January sales for Mercedes-Benz Korea shrank 22.8 percent compared with the month before, but they were still higher than the monthly sales by Renault Samsung Motors (3.5 percent) and GM Korea (3.1 percent).
The last time that the German brand reached No. 4 in monthly sales was back in April last year, a ranking that followed the closure of a local assembly plant by GM Korea two months earlier. Mercedes-Benz defended the ranking for three months before slipping to No. 6 in May last year.
In yearly sales, Mercedes-Benz Korea sold 70,798 units for a market share of 4.5 percent last year, behind Renault Samsung (5.7 percent) and GM Korea (5.5 percent).
Industry watchers attribute the sales increase to the success of the E-Class. January sales of the lineup were the 12th highest at 3,392 units, a number meaning that one E-Class vehicle was sold for every three Grandeur autos from Hyundai Motor purchased.
The E-Class cars outsold Genesis, an independent brand launched by Hyundai that is pitted as its domestic rival, last year.
The “diesel-gate” scandal that pounded German brands also helped promote the E-Class, which are mostly gasoline cars,
“This year, BMW and Audi are scheduled to release new sedans, and a full-change Genesis G80 is also due soon,” one source noted. “This will likely affect the sales of the E-Class.”
More in Industry
As profits boom, big Korean companies reduce head counts
Hyundai Heavy confirms bid to buy stake in Doosan Infracore
It's a wrap
Joining hands for MOU