Mercedes-Benz Is No Longer The World's Largest Manufacturer Of Luxury Cars

Mercedes-Benz is officially no longer the largest manufacturer of luxury cars in the world. The BMW Group just became number one.

Daimler AG Group announced on Friday, January 7, that its Mercedes-Benz division sold 2.05 million vehicles in 2021, losing its global title in the luxury car segment for the first time in five years, according to DPA and Reuters.

Mercedes-Benz Lost The Supreme Title

The BMW Group reported record sales of 2.2 million vehicles in 2021, becoming the top carmaker of luxury cars.

In 2016, BMW had also lost the supreme title.
On the other hand, Daimler AG reported that last year the Smart brand delivered 38,514 vehicles, while Mercedes-Benz Vans sold 334,210 units, an advance of 2.5% over 2020.

Sales of electric cars rose by more than 90% to 99,301 vehicles, the German group said.

According to Daimler, the most significant decline in passenger vehicle sales in 2020 was in Europe (1.2%), compared with a decline of just 2% in China and a 0.4% increase in the United States.

The company says semiconductor shortages have impacted sales at the end of last year.

Globally, 464,130 Mercedes-Benz cars were sold in the fourth quarter of 2021, almost a quarter fewer than in the same period in 2020.

The Race For Developing Electric Luxury Cars

Daimler recently announced that it will invest more than €40 billion between 2022 and 2030 to develop electric cars.

The German group also said it and its partners will build eight new battery plants as it ramps up its production of electric cars, and will also be ready to be an electric-only manufacturer by 2030.

Daimler owns the Mercedes-Benz luxury division and the Smart brand. 

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