I found this graph online (https://www.statista.com/statistics/347054/unit-sales-of-mercedes-benz-cars/):
Also this from their 2021 annual report (cherry-picked highlights):
I don't see the 26% figure anywhere, but their growth in EVs was impressive.
People are complaining about weak sales growth of 28%. This is what 28% per annum looks like for VMT over the next 20 years, starting from 2021 sales of 31,275 units:
I'd be happy with that. Of course we want to see stronger growth early on, to secure market share. However, in view of the headwinds the company has faced, 28% is not bad.
Another thing to consider is that the company is also growing profits. Start-up companies with strong sales & revenue growth are usually still losing money.
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3 | 16021 | 0.120 |
1 | 34652 | 0.115 |
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Price($) | Vol. | No. |
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