FRANKFURT -- The head of DaimlerChrysler's Mercedes Car Group expects sales of its super-luxury Maybach model to fall in 2005, German business daily Handelsblatt reported on Thursday, citing industry sources.
Eckhard Cordes, who is faced with a steep decline in profitability at Mercedes-Benz and continued losses at its Smart brand, is now expecting demand for the Maybach to sink below the roughly 500 units sold last year, the paper said.
According to estimates from market researcher Jato Dynamics, Mercedes has sold only 67 Maybachs in the first quarter this year.
Mercedes, Daimler's luxury division, does not break out sales figures for the Maybach brand on a monthly basis.
No one was immediately available for comment at DaimlerChrysler.