Mercedes to lower S-Class sales rebates in China

Newswire

FRANKFURT, March 29 (Reuters) - Daimler's premium car brand Mercedes-Benz said it had ramped up margin-eroding incentives in China to boost sales of its flagship S-Class saloon in February, pledging to reduce the amount considerably in the future. "This was not 25 percent or so. On an average base, the S-Class in China was sold with a rebate, with a discount, by the dealer of 12 percent in February. This was reduced to a figure of 8 percent in March," Mercedes sales chief Joachim ...

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