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Pretoria - The Mercedes-Benz group of companies in SA said on Tuesday that it had posted "sterling" financial results, with the group revenue surging 23% to R34.7bn in 2010.
This was despite a difficult trading year as the economy was slowly recovering from one of the worst recessions in recent memory, it said.
Hansgeorg Niefer, CEO of MBSA, said that while the group anticipated an increase in its annual consolidated turnover, it was delighted at the "exceptionally strong surge" in its business.
The Mercedes-Benz group of companies in SA incorporates Mercedes-Benz SA (MBSA), Mercedes-Benz Financial Services (MBFS), debis Fleet Management (dFM), Sandown Motor Holdings and Atlantis Foundries.
Mercedes-Benz also said it recorded satisfying overall market share growth across most sectors of these businesses.
"We are most encouraged in that we maintained our leading position in the premium passenger car market," said Niefer.
The company said it had achieved a number of milestones in 2010, including a new record production of more than 52 000 Mercedes-Benz C-Class vehicles despite industry strikes, while the 100 000th locally built C-Class destined for the US market was exported from East London harbour.
In SA, the premium brand Mercedes-Benz cars achieved more than 16% growth, with 22 500 units sold.
The C-Class grew by more than 10%, with sales of 13 690 units, while the new-generation E-Class, with sales of 3 030 units, had its best sales in recent years.
In the SUV segment, the M-Class had a growth of 27.2% over 2009's sales, while Mercedes-AMG also had an outstanding result, posting a 19% increase in sales.
In the extra-heavy segment, MBSA's overall volumes were 9% higher than in 2009 (1 689 compared with 1 550).
In the large van segment, MBSA increased market share by 5.5% to more than 50%, and the Mercedes-Benz Sprinter clearly remained the vehicle of choice in this highly competitive segment.
The Vito and Viano had a solid performance, owing to the many 2010 Fifa World Cup orders.
The soccer tournament also provided the company with a high bus sales volume and a solid 45% share of the bus market - an increase of 26.7% over 2009.
"What was particularly gratifying to see is that the bus retail market maintained its momentum even after the 2010 Fifa World Cup," Niefer said.
This was despite a difficult trading year as the economy was slowly recovering from one of the worst recessions in recent memory, it said.
Hansgeorg Niefer, CEO of MBSA, said that while the group anticipated an increase in its annual consolidated turnover, it was delighted at the "exceptionally strong surge" in its business.
The Mercedes-Benz group of companies in SA incorporates Mercedes-Benz SA (MBSA), Mercedes-Benz Financial Services (MBFS), debis Fleet Management (dFM), Sandown Motor Holdings and Atlantis Foundries.
Mercedes-Benz also said it recorded satisfying overall market share growth across most sectors of these businesses.
"We are most encouraged in that we maintained our leading position in the premium passenger car market," said Niefer.
The company said it had achieved a number of milestones in 2010, including a new record production of more than 52 000 Mercedes-Benz C-Class vehicles despite industry strikes, while the 100 000th locally built C-Class destined for the US market was exported from East London harbour.
In SA, the premium brand Mercedes-Benz cars achieved more than 16% growth, with 22 500 units sold.
The C-Class grew by more than 10%, with sales of 13 690 units, while the new-generation E-Class, with sales of 3 030 units, had its best sales in recent years.
In the SUV segment, the M-Class had a growth of 27.2% over 2009's sales, while Mercedes-AMG also had an outstanding result, posting a 19% increase in sales.
In the extra-heavy segment, MBSA's overall volumes were 9% higher than in 2009 (1 689 compared with 1 550).
In the large van segment, MBSA increased market share by 5.5% to more than 50%, and the Mercedes-Benz Sprinter clearly remained the vehicle of choice in this highly competitive segment.
The Vito and Viano had a solid performance, owing to the many 2010 Fifa World Cup orders.
The soccer tournament also provided the company with a high bus sales volume and a solid 45% share of the bus market - an increase of 26.7% over 2009.
"What was particularly gratifying to see is that the bus retail market maintained its momentum even after the 2010 Fifa World Cup," Niefer said.
