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Mercedes Notes Record Demand For "Young Pre-Owned" Vehicles
Posted September 15th, 2006 At 10:50 AM CST

Exterior view of the 2006 Mercedes-Benz CL600 coupe, rear and side shot

Taking a moment to reflect on their pre-owned sales for this year, Mercedes has announced today that from January to July 2006, a total of 327,600 pre-owned Mercedes have been registered in Germany, an increase of five percent over 2005.  The news comes despite falling sales in both the overall and premium car markets currently plaguing the German market, a fact that has allowed Mercedes with the aforementioned sales success to increase market share in its home country from eight to ten percent.

In addition to its overall pre-owned sales success, Mercedes has also noted exceptional sales momentum from what are classified as "young pre-owned" Mercedes vehicles - those which are on average one year old.  Through the first eight months of the year, sales of these units has increased thirty percent to approximately 90,000 vehicles, with August noting especially strong young pre-owned sales numbers of 11,000 units sold, an increase of 38% over 2005.

According to Dr. Klaus Maier, Executive Vice President Mercedes Car Group and the man responsible for MB's sales and marketing: “Both record sales of our new cars in the first eight months of 2006 and the record demand for our pre-owned cars provide clear evidence of the high appeal of our current model range.”

To learn more, keep reading for the full press outlining Mercedes' 2006 pre-owned sales figures.


OFFICIAL PRESS RELEASE


Record demand for “young pre-owned” Mercedes Benz vehicles

  • Strong growth against general market trend: 327,600 new registrations of pre-owned Mercedes-Benz passenger cars in Germany through July

  • Market share in Germany increases from eight to ten percent


Stuttgart, Sep 15, 2006
Demand for pre-owned Mercedes-Benz vehicles has never been as high as in 2006. Despite falling sales in both the overall market and the premium market in Germany, Mercedes-Benz recorded significant growth rates in the period January to July 2006. According to the Federal Motor Transport Authority (KBA), a total of 327,600 pre-owned Mercedes-Benz cars were registered with new owners during this period, five percent more than in the first seven months of 2005. The market share in Germany thus increased significantly, rising from eight percent to ten percent. Growth in demand for pre-owned Mercedes-Benz passenger cars has also surpassed average market growth in France and Italy.

Demand is particularly high for "young pre-owned" Mercedes-Benz cars, which are on average one year old. In the first eight months of 2006, sales of these vehicles rose by 30 percent to around 90,000 vehicles. In August, unit sales increased by 38 percent to about 11,000 models. The most important sales market is Germany, followed by Italy and Spain. Dr. Klaus Maier, Executive Vice President Mercedes Car Group, responsible for Sales and Marketing: “Both record sales of our new cars in the first eight months of 2006 and the record demand for our pre-owned cars provide clear evidence of the high appeal of our current model range.”

The continuing high residual values for all model series are a key reason for the higher-than-average demand for pre-owned Mercedes-Benz cars. For example, Mercedes-Benz is the clear frontrunner in nine of twelve residual value comparisons published by Bähr & Fess, one of the leading providers of residual value forecasts. Dieter Fess of Bähr & Fess: “The success of Mercedes-Benz young pre-owned cars continues to be based on the high appeal of the vehicles with regard to their consistently very good residual values. It also underlines the excellent brand image of Mercedes-Benz.”

Copyright © 2006, DaimlerChrysler AG

 

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