Mercedes-Benz lifts profit forecast as luxury cars boom

[Ct3833]

Mercedes-Benz lifts profit forecast as luxury cars boom

https://www.reuters.com/business/autos-transportation/mercedes-benz-raises-outlook-cars-division-13-15-2022-10-26/

While BMW orders have to be delayed for months, Mercedes is raising their profit forecast.

- Group Q3 earnings up 83% to 5.2 bln euros

- Carmaker raises forecast for cars and group FY earnings

- Supply chain issues hampered top-end and BEV production

- Withdrawing from Russian market -CFO

 

[ER-3682]

Forecast for Singapore,LTA also on record Earning from COE & CEVS.

[Soya]

Here's to many more good years of overtrade!...

 

[107fan]

 A class and GLA sales?

[Ct3833]

6 minutes ago, 107fan said:

 A class and GLA sales?

Where got discount, Mercedes needs to maintain luxury status......so that their HNW clients will not lose face. 

Edited October 26, 2022 by Ct3833

[Mrmilktooth]

Great. Means Mercedes will retain high resale value lol. 

[Soya]

Just now, Mrmilktooth said:

Great. Means Mercedes will retain high resale value lol. 

Try trading a C&C merc back to C&C without OT......

 

[Watwheels]

Merc should learn from vw, remove the middle man. Come here and ownself sell their cars.

[Daniu82]

23 minutes ago, Watwheels said:

Merc should learn from vw, remove the middle man. Come here and ownself sell their cars.

But VW ownself sell also not cheap. 

[inlinesix]

39 minutes ago, Watwheels said:

Merc should learn from vw, remove the middle man. Come here and ownself sell their cars.

The best is BMW.  2 AD.

[Silverkris]

9 minutes ago, inlinesix said:

The best is BMW.  2 AD.

2AD is to give performance motor a chance to bulk up. If the other AD did better than them to increase sales better than performance motors, they can kiss the dealership goodbye liao.

Same like company, you said you have done your best, I employ one more pax same job scope. If he will do better, then you know your days are numbered.

[RadX]

Hmmm

 

 

[Mockngbrd]

Free read link (just sign up free acc)

https://www.straitstimes.com/business/cycle-carriage-singapore-sells-iconic-mercedes-benz-showroom-and-3-other-properties?token=c39c4db02def1f188040232d58811e05-af6213675dff10ea130a17e64e2848fe7e981070348da3ecc158ac8e3eb62d137cb4e08daa2a30e24faaae08207f9348c7d8db64f0e6bf55d07a5e73d80e967c

[Mockngbrd]

https://www.mingtiandi.com/real-estate/finance/mg-buying-4-singapore-car-facilities-from-jardines/

[Soya]

2 hours ago, RadX said:

Hmmm

Going for online sales wor

Can turn the showroom into a CC w a newspaper reading corner, cafe into a mom n pop shop and a free taichi class area on the 3rd flr....lol

 

[Rickster]

7 hours ago, inlinesix said:

The best is BMW.  2 AD.

I think this is the best for consumers. I like.

[inlinesix]

Just now, Rickster said:

I think this is the best for consumers. I like.

BMW Asia controls the price.  Not much both AD can do to lure customers.

[Rickster]

7 hours ago, Daniu82 said:

But VW ownself sell also not cheap. 

I think one important factor is also if VW have improved in their after sales support. Pricing wise, I guess it’s also model specific? Remember some models and Skoda are going for quite reasonable prices (i.e, no significant markups).