Core Insights - Mercedes-Benz Cars reported a 12% decline in Q3 car sales compared to the same period in 2024, with total sales of 441,500 vehicles [1][7] - Year-to-date (YTD) sales reached 1,341,400 units, reflecting an 8% decrease from the previous year, influenced by market conditions and tariff policies, particularly in the US and China [1] Regional Performance - Europe showed stability with Q3 sales of 160,800, up 1% quarter-on-quarter and 2% year-on-year; YTD sales decreased by 1% to 469,100 [2] - In Asia, Q3 sales were 175,500, down 7% from Q2 and 22% year-on-year, with YTD sales declining 15% to 564,500 [2] - China, the largest market, recorded Q3 sales of 125,100, down 11% sequentially and 27% year-on-year, with YTD sales at 418,300, an 18% decline [3] - North America experienced a softer performance with Q3 sales of 80,000, down 1% quarter-on-quarter and 17% year-on-year; YTD sales totaled 237,500, a 10% decrease [4] - The Rest of World segment posted growth with Q3 sales of 25,200, up 4% quarter-on-quarter and 12% year-on-year, and YTD sales of 70,300, up 17% [4] Segment Performance - The top-end vehicle segment showed resilience, with sales rising 5% from Q2 and 10% year-on-year to 67,800 in Q3; YTD sales remained flat at 197,700 [5] - Core segment volumes fell 9% quarter-on-quarter and 17% year-on-year to 249,800, with YTD sales at 787,100, down 8% [5] - Entry segment sales increased by 8% compared to Q2 but were 12% lower year-on-year at 123,800; YTD sales fell 12% to 356,600 [5] Management Commentary - The company acknowledged that while sales in Europe, South America, and Gulf States performed well, market conditions in China negatively impacted overall sales in Q3 [6] - There is continued strong demand for top-end vehicles, and positive feedback for the electric CLA contributed to a 22% increase in EV sales quarter-on-quarter [7]