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Retail Asia09/04/2024

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Mercedes, the best-selling luxury auto brand in Vietnam for years, is seeing BMW close the gap rapidly following the start of local production. Mercedes sold 3,416 units last year, a 57% decline from 2022 but still the highest for the seven luxury brands in Vietnam. BMW jumped from fourth place in 2022 to second last year […]

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Retail Asia30/10/2023

Mercedes distributor Hang Xanh Motors Service Joint Stock Company saw net profits for the third quarter plummet by 87% year-on-year to VND8 billion (US$333,000). It attributed the fall to plunging sales and increasing costs. Administrative costs jumped 54% to VND29 billion, according to its audited financial statements. Its revenues fell by 44% to VND2.9 trillion, […]

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Retail Asia02/10/2023

Mercedes-Benz has introduced a new feature in Germany that allows customers to initiate digital payments via the MBUX system using fingerprint authentication. The company has tied up with Mastercard to offer the embedded payment service which for now will be useable across 3,600 service stations in the country. The tech uses a dedicated Mercedes Pay+ […]

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Retail Asia10/07/2023

Mercedes-Benz is the latest manufacturer to partner with Tesla to integrate NACS (North American Charging Standard) charging ports across its lineup of electric vehicles. This will provide electric vehicles from the brand with access to Tesla’s supercharger network. The German company will manufacture its vehicles in North America with NACS ports starting from 2025 onwards. […]

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Retail Asia15/05/2023

Mercedes has been dominating Vietnam’s luxury car market in recent years, but that could start to change this year as BMW lowers prices. “We have always considered BMW a major competitor in most markets globally, but things are different in Vietnam,” said CEO Brad Kelly on the sidelines of the launch of the new Mercedes […]

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Retail Asia28/04/2023

Mercedes distributor Haxaco reported a 92% year-on-year fall in pre-tax profits in the first quarter to VND5.6 billion ($238,750). Amid an industry-wide decline in sales, Haxaco’s revenues plummeted by 40% to VND992 billion. High-interest rates and the difficult economic situation caused sales of the luxury brand to drop, the company said in a statement. Its […]

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Retail Asia24/04/2023

Mercedes has dominated Vietnam’s luxury car market for the last four years as Lexus, Volvo and other trailing brands tussle behind. Auto registration data showed that between 2019 and 2022, Mercedes secured and average of around 60% of Vietnam’s total luxury car market share. The German brand sold 7,925 cars in the Southeast Asian nation last […]

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Retail Asia09/03/2023

Mercedes Vietnam announced it would recall 492 ML and GLE cars sold in Vietnam beginning March 15 to fix inconsistent design features and repair errors in the spare wheel compartment. The affected SUVs were manufactured and imported between February 2012 and October 2019. German luxury vehicle company Mercedes recalls ML and GLE SUVs in many […]

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Retail Asia25/11/2022

Mercedes is recalling 966 cars in Vietnam due to fire risks related to electrical short circuits in the trunk control modules and faulty trim bars on rear doors. The recall covers three models – C300, GLE, and GLS imported via official channels in Vietnam. Of these, 126 recalled Mercedes C300 cars were made between May […]

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Retail Asia24/11/2022

Mercedes is recalling 966 cars in Vietnam due to fire risks related to electrical short circuits in the trunk control modules and faulty trim bars on rear doors. The recall covers three models – C300, GLE and GLS imported via official channels in Vietnam. Of these, 126 recalled Mercedes C300 cars were made between May […]

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Retail Asia18/10/2022

Mercedes has always made a big deal about its Burmester Audio system on its luxury vehicles which promise 3D and 4D sound, but now it has upped the ante by collaborating with Apple. Apple’s music streaming service, Apple Music, launched spatial audio support last year and now it is deeply integrated into the latest Mercedes […]

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Retail Asia17/10/2022

Hang Xanh Motors Service Joint Stock Company, a major Mercedes-Benz car dealer, reported pre-tax profits of more than VND240 billion (US$10 million) in the first nine months, exceeding its full-year target. Consolidated revenues were up 50 percent year-on-year at VND5.17 trillion. In the third quarter they rose 2.7 times to VND2 trillion ($83.1 million). Haxaco’s […]

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Retail Asia19/09/2022

On August 25, Mercedes-Benz India recorded 2,46,000 views on its Twitter handle for the Mercedes-AMG EQS 4 MATIC+ launch live stream. And ever since it stepped in the Indian luxury EV space with the EQC electric SUV, the brand has observed a steady rise in interest around its electric models through its customer-engaging activities. Now that is confidence-inspiring […]

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Retail Asia15/08/2022

Mercedes-AMG had taken the wraps off the Project One F1-engined hypercar five years ago at the Frankfurt Motor Show and it’s been a long time coming since then. Destined to be the fastest road car ever by Mercedes, it was delayed due to development hurdles with making the turbocharged 1.6-liter V6 petrol engine meet emission […]

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Retail Asia13/07/2022

Vietnam’s biggest Mercedes distributor Haxaco posted a pre-tax profit of VND102 billion ($7.36 million) in the second quarter, up 12.6 times year-on-year. Its profit for the first six months was VND172 billion, or 80 percent of its target for the year. The company said the government’s 50 percent discount on registration fees of cars assembled […]

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Retail Asia11/07/2022

Mercedes-Benz is still feeling the effects of the global semiconductor shortage that hit the auto industry as well as supply chain constraints. As per a report by PTI, the carmaker is not expecting the situation to improve in 2022 while also saying that it was hard to predict how it would change in the future. […]

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Retail Asia30/06/2022

Mercedes-Benz is adjusting its network of plants to manufacture a new range of luxury electric vehicles as it prepares to switch to electric by the end of the decade. Mercedes aims to halve CO2 emissions per passenger car over the life cycle by the end of this decade compared to 2020. “We are ready for […]

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Retail Asia12/04/2022

Haxaco, a major Mercedes-Benz dealer, will focus on developing luxury car rental service this year besides its core business of car retail. In a recent annual meeting, its chairman Do Tien Dung said the firm has almost gained monopoly status in luxury car rental across Ho Chi Minh City and Hanoi, as competitors had been […]

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Retail Asia11/04/2022

Mercedes-Benz opened a new 200 million euro ($217 million) software center in Sindelfingen on Friday, its latest investment in boosting in-house software capabilities as it works to bring its own MB.OS operating system onto the market by 2024. Around 750 of the 3,000 new hires, the luxury carmaker plans to bring in globally to develop […]

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Retail Asia25/01/2022

Mercedes has announced that it has inked a deal with LiDAR maker Luminar whose devices will be incorporated in its vehicles in the future. Mercedes has also taken a small stake in the company with the acquisition of 1.5 million shares. As a part of the deal, Luminar will also be sharing data with the […]

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