Currently reading: Mercedes-Benz makes strong Q3 profit amid EV push
German firm sells 530,000 cars and almost twice as many electric models as in same period of 2021

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.

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