Daimler’s China chief stated sales increased 3 percent in the first quarter, defying a total downturn in demand in the biggest car market of the world. There has been a robust demand for ultra-luxury vehicles such as the Mercedes S-Class Maybach.
“The Maybach it is still going excellent. Demand is over 600 a month,” Daimler’s China chief Hubertus Troska informed reporters at the Shanghai Auto Show.
Despite the boost in the list price for the car, demand has increased from a sales rate of 500 a month, Troska stated.
China’s move to decrease value-added tax will help increase overall demand for cars for the rest of the year, Troska added.
“I am cautiously optimistic that we can see positive momentum,” Troska added.