Mercedes cuts revenue outlook as China luxury slump deepens

Mercedes-Benz Group has cut its revenue outlook as the luxury car market in China continues to slump. The average selling price of Mercedes vehicles fell to 64,700 euros from 67,700 euros a year earlier. Sales in China, the world's largest car market, plunged 30% during the second quarter, significantly outpacing the overall market decline. The announcement was made on July 28, 2026, and reported by The Business Times Singapore. The company is based in Stuttgart, Germany, and is facing headwinds from weakening demand in the Chinese luxury segment.

First published Aug 4, 01:58 PM UTCUpdated Jul 28, 06:58 AM UTC1 reports · 1 sources

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Mercedes cuts revenue outlook as China luxury slump deepens

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Mercedes cuts revenue outlook as China luxury slump deepensThe Business TimesWesternJul 28, 06:58 AM UTC

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