On Wednesday, Mercedes-Benz Group (MBGn.DE) reported that EV and luxury car sales increased marginally in the first quarter.
Europe grew 8% to 503,500 automobiles.
Sales of 51,600 EVs nearly doubled in the quarter.
The top-end segment—which includes AMG, Maybach, and G-class—grew 18% to 91,800.
Mercedes board member Britta Seeger said both areas performed well “despite continued supply chain problems, economic difficulties and geopolitical uncertainty.”
Mercedes-Benz Vans sales rose 12% to 98,900, its greatest first-quarter record.
Volvo (VOLVb.ST) recorded first-quarter earnings on Wednesday, indicating the business has overcome industry constraints and inflation.
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