NEW YORK AUTO SHOW

Mercedes increases U.S. industry sales forecast

Thought Leadership
    Sponsored by
     »
     »
     »
     »
     »
Article Tools
Related Links
Related Topics

NEW YORK -- Mercedes-Benz has boosted its 2012 U.S. industry sales forecast to 14.3 million units, up from 13.8 million.

But Mercedes-Benz USA CEO Steve Cannon says the market has been so strong that sales could go even higher.

"For the first time" in several years there's been talk in the industry of a return to 16 million next year, Cannon said. "Sixteen million was like the mirage in the desert."

Industrywide sales rose 13 percent in the first quarter. A 14.3 million market would be a 12 percent improvement over last year's sales of 12.8 million.

Cannon also said Mercedes' sales, which rose 16 percent in the first quarter, will outpace the overall market this year because of redesigned and updated vehicles.

Mercedes will launch a redesigned SL roadster on May 2, a freshened GLK in July and the redesigned GL SUV that debuted at the New York show in September.

Despite the GL run-out, sales of the SUV were up 4 percent in the first three months compared with the same period in 2011.

"We are even asking the factory if we can have more production of the old model," Cannon said. "In certain markets, we are leaving volume on the table because we don't have enough."

You can reach Diana T. Kurylko at dkurylko@crain.com. -- Follow Diana on Twitter


advertising
image Print   Send a letter Respond to Editor   Reprint Reprints        

COMMENTS

Have an opinion about this story?

Click here to submit a Letter to the Editor, and we may publish it in print.

Or submit an online comment below

Readers are solely responsible for the content of the comments they post here. Comments are subject to the site's terms and conditions of use and do not necessarily reflect the opinion or approval of Automotive News. Readers whose comments violate the terms of use may have their comments removed or all of their content blocked from viewing by other users without notification.



Latest Headlines
Special Report
Dealer O.C. Welch's big-truck turnaround

Dealer O.C. Welch's big-truck turnaround

After Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17
» Watch the Video
     
  • ALL POSITIONS
    Don Davis Dealerships, Inc. -- Lake Jackson, Texas, United States
     
  • Service Manager
    Performance Toyota -- Memphis, Tennessee, United States