LONDON (MarketWatch) -- German auto giant Daimler on Friday added to mounting evidence that the pace of the decline in luxury-car sales is slowing and that demand from China hasn't fallen away.
Daimler climbed as much as 7% in Frankfurt after the auto manufacturer reported that sales of its high-end Mercedes-Benz brand fell in February, but not by as much as in January.
Daimler said that Mercedes-Benz sold 72,200 vehicles in February, down 25% from the 96,800 vehicles it sold in the same month in 2007.
Still, the sales decline was less dramatic than January's, when sales fell 35% to 53,900 cars.
http://www.marketwatch.com/news/sto...x?guid={3FD02361-2731-4E06-9221-A05A89A03536}
Daimler climbed as much as 7% in Frankfurt after the auto manufacturer reported that sales of its high-end Mercedes-Benz brand fell in February, but not by as much as in January.
Daimler said that Mercedes-Benz sold 72,200 vehicles in February, down 25% from the 96,800 vehicles it sold in the same month in 2007.
Still, the sales decline was less dramatic than January's, when sales fell 35% to 53,900 cars.
http://www.marketwatch.com/news/sto...x?guid={3FD02361-2731-4E06-9221-A05A89A03536}