Daimler Financial Services has reported concluding 1.6m new financing and leasing contracts worth a total of €61.8bn at the end of the year in 2016, a 7% year-on-year increase by value.

In the same period, over 4.3m financed or leased vehicles were on Daimler FS’s books, a year-on-year increase in contract volume of 14% to €132.6bn.

According to Daimler FS, the acquisition of Athlon accounted for €3.7bn of the increase in contract volume.
The main reason for this positive development was the growth in contract volume. Exchange-rate effects had a negative impact on earnings, however, Daimler added.

Overall, Daimler revenue was up 3% year-on-year to €153.3bn, while net profit increased from €8.7bn in 2015 to €8.8bn in 2016.

Looking ahead, Daimler predicted strong growth in unit sales and revenues in 2017.

Mercedes in January

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By GlobalData

In January 2017, Mercedes-Benz delivered 178,467 vehicles, a year-on-year rise of 18.3%, to reach a new record for the month.
European sales increased by 12.3% to 61,670 vehicles in January, and in Germany, Europe’s largest car market, Mercedes-Benz saw sales rise to 18,017 units.

The group also claimed double digit growth in the UK, Italy, Belgium, Portugal, Sweden, and Poland in January 2017.

By type, the number of saloons and estates rose to a record 29,963 worldwide, up 75% on December 2016.

SUVs proved the most popular car type for Mercedes-Benz, with a 20.5% increase in sales reaching a January record of 65,004 units. 

In the same period, Mercedes-Benz sold 10,894 roadsters, cabriolets, and coupés worldwide, an increase of 51.3%.

Sales of smart cars rose 3.5% from December 2016 to reach 9,649 cars in January 2017, and Mercedes-Benz announced their latest car sharing service, ‘smart ready to share’, will be launched in Germany in the spring.