New Mercedes-Benz E-Class helping Daimler out of profit slump
Creative Global Investments analyst Sabine Blumel says that strong sales of the new Mercedes-Benz E-Class in the fourth quarter will increase Daimler AG’s earnings for the quarter and hint at an earnings recovery for the automaker.
“The sales improvement at the Mercedes-Benz brand throughout last year was attributable to a rapidly improving model momentum, reflecting the roll-out of the new E-Class family,” Blumel said.
She said that Mercedes-Benz is set to post higher profits on a moderate increase in sales in the fourth quarter, a trend she says will continue in 2010.
Mercedes-Benz ended December 2009 in the United States selling 20,025 vehicles, up 8 percent from December 2008. Most of that increase came from the E-Class, which saw sales go up 57 percent from December to December.
2011 Mercedes-Benz E-Class Cabriolet:
– By: Stephen Calogera
Source: AutoObserver
