Mercedes Sales in China Slide 27% as Demand Crisis Deepens (1)

Mercedes-Benz Group AG’s China sales tumbled 27% in the third quarter to their lowest level in almost a decade as luxury demand in the country remains weak and local manufacturers dominate on electric vehicles.

The slump in China — the worst quarterly sales performance there since 2016 — dragged down the company’s global shipments, which fell 12% in the period. Deliveries also dropped 17% in the US, where President Donald Trump’s shifting stance on tariffs weighed on imports.

Mercedes and its German peers are losing ground in China to homegrown rivals such as BYD Co. and Xiaomi Corp. ...