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Investing.com -- Mercedes-Benz (OTC:MBGAF), the German carmaker, reported on Monday a 7% decrease in its first-quarter unit sales of cars and vans, citing lower demand in China and Europe as the reason for the decline.
In the January to March period, deliveries dropped to 529,200 units, a significant decrease from 568,400 units sold during the same period last year.
The company also noted a steeper decline in the sales of battery electric vehicles, which fell by 10% to 45,500 units from 50,500 units in the previous year.
While the sales of the Mercedes Cars unit in America saw a slight increase of 1%, the company reported a more significant decline in other markets. In China, sales fell by 10%, and in Germany and Europe, sales were down by 10% and 7% respectively.
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