In the fiscal year of 2023, Mercedes-Benz Group experienced a growth in revenues across Europe and North America segments. In particular, the European market generated a revenue of nearly 61.9 billion euros. That same year, the total revenue of the German automotive manufacturer amounted to just above 153 billion euros.
The luxury car industry in China is highly condensed, with only a few companies dominating the market: Audi, Mercedes-Benz, and BMW. The initiatives taken by the Chinese government to enhance the automotive market allowed luxury car manufacturers to increase their sales in China.
Mercedes-Benz Group’s consolidated revenue between FY 2020 to FY 2023, by region
(in million euros)
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Mercedes-Benz. (March 15, 2024). Mercedes-Benz Group’s consolidated revenue between FY 2020 to FY 2023, by region (in million euros) [Graph]. In Statista. Retrieved October 05, 2024, from https://www.statista.com/statistics/1301226/revenue-of-mercedes-benz-group-by-region/
Mercedes-Benz. "Mercedes-Benz Group’s consolidated revenue between FY 2020 to FY 2023, by region (in million euros)." Chart. March 15, 2024. Statista. Accessed October 05, 2024. https://www.statista.com/statistics/1301226/revenue-of-mercedes-benz-group-by-region/
Mercedes-Benz. (2024). Mercedes-Benz Group’s consolidated revenue between FY 2020 to FY 2023, by region (in million euros). Statista. Statista Inc.. Accessed: October 05, 2024. https://www.statista.com/statistics/1301226/revenue-of-mercedes-benz-group-by-region/
Mercedes-Benz. "Mercedes-benz Group’s Consolidated Revenue between Fy 2020 to Fy 2023, by Region (in Million Euros)." Statista, Statista Inc., 15 Mar 2024, https://www.statista.com/statistics/1301226/revenue-of-mercedes-benz-group-by-region/
Mercedes-Benz, Mercedes-Benz Group’s consolidated revenue between FY 2020 to FY 2023, by region (in million euros) Statista, https://www.statista.com/statistics/1301226/revenue-of-mercedes-benz-group-by-region/ (last visited October 05, 2024)
Mercedes-Benz Group’s consolidated revenue between FY 2020 to FY 2023, by region (in million euros) [Graph], Mercedes-Benz, March 15, 2024. [Online]. Available: https://www.statista.com/statistics/1301226/revenue-of-mercedes-benz-group-by-region/