FAST FIVE: Mercedes Q1 Sales Rise By 22% After Demand Surges From China, North America
The company's global share of sales of plug in hybrids and full EVs was more than 25% in Europe.
Finally, Mercedes saw a 12.5% pop in sales in passenger vehicles in North America, with sales figures rising to 88,318 vehicles sold. The pop in North America shouldn't be too much of a surprise.
The automaker sold 642,250 vehicles in the US in the first quarter of 2021. Toyota sold 603,066 vehicles in the quarter, a 22% rise from Q1 2020, according to IBD.
Volkswagen also posted blowout comps, as sales rose 21% in Q1 to 90,853 vehicles sold.
Companies are stockpiling key commodities at higher inventory levels and using software to track the integrity of the supply chains that they order from. Richard Barnett, chief marketing officer of Supplyframe, which provides market intelligence to companies across the global electronics sectors, told Reuters: “The whole issue is exposing the brittleness, the fragility of the automotive supply chain. We're trying to dual-source whenever possible critical components.” Tyler Durden Thu, 04/08/2021 – 02:45.