German premium automaker Daimler Ag. said on Thursday it expects Q1 vehicle sales to grow significantly.
“After a strong start into the new year, our sales continued to develop positively in February,” Joachim Schmidt, the sales chief of Daimler’s Mercedes-Benz Cars group, said in a statement on Thursday.
The company said it is on track to reach its full-year target of posting record vehicle sales this year, exceeding the 2007 level of 1.293 mn cars. In February, car sales rose by 10 percent on the year from 72,100 to 79,500 units.
The highest volume performers for the month were the C- and E-Class model lines. The sporty C-Class – the gateway to the Mercedes-Benz brand for younger and first-time Mercedes-Benz buyers – lead the pack with sales of 4,479, up 5.5% over February 2010. The 9th generation E-Class continued its strong momentum with sales of 4,203, up 4% over February 2010.
The statement said February marked the company’s 16th month of consecutive double-digit growth in overall sales.
Daimler saw sales rise 15.3 percent year-on-year to 1,167,700 cars in 2010, thanks to growth in the U.S. and China.