Mercedes-Benz Cars posted more than €2 billion (£1.7bn) in gross profit during the third quarter of 2022, as its return on sales (RoS) almost doubled over the same period last year.
The firm’s adjusted RoS reached 14.5% in Q3 of 2022, a significant improvement on the 8.8% recorded in Q3 of 2021. Mercedes expects this to hold firm between 13% and 15% through Q4, despite the global economic uncertainty.
This was in part attributed to a strong mix of models sold, as well as improved net pricing.
The German firm sold some 530,000 cars during Q3 of 2022, an improvement of 38% over the same period in 2021.
