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How Does Mercedes Agility Finance Work?

How Does Mercedes Agility Finance Work
Mercedes vehicles are hugely popular among both personal and business customers. In addition to enjoying the benefits of incredible design and performance features, one of the reasons many drivers opt for a Mercedes is the range of finance options available.

  • With Mercedes Agility and a host of choices for companies and individuals on offer, the latest Mercedes models are available to all.
  • If you’re interested in Mercedes personal finance, or you have questions about Mercedes fleet and business finance, you should find this guide handy.
  • What is Mercedes Agility finance and how does it work? More and more customers are buying cars on finance.

At Sinclair Mercedes, we offer an array of finance options to suit all drivers. Mercedes Agility is a personal contract package that gives you the option to purchase, give back or part-exchange your car once the agreed hire term elapses. At the end of the agreement, you can explore the possibilities and work out which avenue is best for you.

  1. Before you sign any contracts, you will be made aware of the guaranteed future value of your vehicle and you’ll decide how much you want to put down as a deposit.
  2. Your contract will then be drawn up and you’ll pay a monthly fee until the end of the term.
  3. If you choose to buy the car at the end, you’ll pay the optional purchase payment.

By providing the guaranteed future value, Mercedes Agility protects you against unexpected depreciation and enables you to benefit from affordable monthly payments. In addition, we also offer hire purchase, which allows you to spread the cost of ownership, personal operating lease for those who want to enjoy the perks of a new car without owning the vehicle, and contract hire.
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What is agility program Mercedes?

Introducing Star Agility+, an innovative car ownership plan that thinks of you. Its up to 40% lower EMIs and flexible tenures make it easier than ever. At the end of your tenure, you can easily upgrade your Mercedes-Benz to a brand new one, with the opportunity to upgrade to 3 new Stars over the course of 6 years.
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What is step up agility financing?

For Step Up #1 Agility Financing, your monthly instalments are break into 2 different instalments throughout your ownership. For example of a 5 years financing for a Mercedes-Benz GLA: 1 st and 2 nd Year instalment : RM1,888 per month.3 rd, 4 th & 5 th Year instalment : RM3,711 per month.
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Does Mercedes have their own financing?

Mercedes-Benz Financial Services provides finance, lease and insurance services for the dealers and customers of Mercedes-Benz cars and vans.
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What is agility contract?

Agility (Personal Contract Plan) A flexible method of financing a vehicle over a fixed term. The agreement defers your decision of whether you purchase, hand back or part-exchange your vehicle until the end of your agreement.
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Do you get a free car if you work at Mercedes?

No, you own the vehicle. However, the scheme is only available to you during your employment with a participating Mercedes-Benz Retailer. It means you’ll have to settle your loan at the end of your employment. You can do this by contacting MBFS on 0370 847 0700 or exercising your buyback option.
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Does agility finance include insurance?

You choose a maximum kilometers per year you will cover. You take Merc insurance. You service at Merc. You get a guaranteed buy back value and an installment value.
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What is step up monthly installment?

Planning to buy a car? Here’s why you should opt for a Step-up Car Loan Our grandparents or parents would have dreamed of buying a vehicle of their own, to feel the exhilarating independence it brings, and to enjoy the status that comes with owning a luxury item.

  • But in most instances that dream would have remained a dream.
  • Times have changed.
  • The most recognisable change of all is the transformation of luxury to necessity.
  • Gone are the days when owning a car used to be a luxury and a matter of pride.
  • These days, not owning a car has so many drawbacks that everyone seems to want one.

Higher standards of living coupled with burgeoning material aspirations have further paved the way for the car to take its spot in the list of affordable luxuries. The comfort and freedom of owning a vehicle are much sought after by the working middle-class.

  • However, many hold back from buying a car because of inadequate finances.
  • The good news is that with a certain amount of savings and financial planning, the dream of owning a car can now be converted into reality.
  • If you are depriving your family of the joy of having a car or holding back your own dreams of owning a car due to a tight budget, opting for a Car Loan is the best decision you can take.

A refers to a loan taken specifically for purchasing a car. The interest rates and EMIs are customised and specific to the car industry. HDFC Bank is one of the leading banks in India that provides more than just your standard Car Loans. It offers exceptional, one which includes the feature.

It lessens the burden of repayment in the early years and thus is very suitable for people who have just begun their careers and will eventually progress later on.This is also beneficial for those who want to purchase a bigger car, but are compromising their choice for a smaller car due to finances.

A Step-up Car Loan can help people who have just started out as well as those on budget own a car of their dreams by adjusting their finances into lower EMI’s. These are some of the major reasons why Step-up EMI is a preferable option rather than opting for a Car Loan.

100% financing on select vehiclesFlexible repayment tenurePocket-friendly EMIs

A Step-up EMI feature is a one-stop shop for Car Loans; it allows you to research and compare cars at the ‘New Car Bazaar’ option. If all this wasn’t alluring enough, you can also check your Car Loan eligibility online. It gets even better if you are an HDFC Bank customer.

The entire process of taking a loan becomes as easy as shopping for groceries. It enables you to enjoy quick disbursal of funds, special rates of interest, and a lot more. You can get a perfect loan for the perfect car, whenever you want it. Getting your dream car is now possible with a bit of financial planning and a from HDFC Bank! If you are looking to apply for a, click here to get started! Do you know New Year is the best time to apply for a Step up ? Click here to know more.

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* Terms & conditions apply. Car Loan disbursal at sole discretion of HDFC Bank Ltd. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. : Planning to buy a car? Here’s why you should opt for a Step-up Car Loan
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What is step up and step-down payment?

Just when everyone thought that the real estate sector boom had saturated, things seem to be rolling once again. New borrowers are offered lower rates and existing borrowers are waiting for their due rate cuts. Fixed, float, monthly rests, yearly rests, fees, penalties, lender, rates -an applicant must decide on a host of factors when it comes to home loans.

Lenders also offer numerous flexible products that applicants can opt for. Banks give home loans for constructing a home or purchasing a ready-built house, flat or residential plot. They even re-finance existing loans that borrowers may have availed from other banks. The loan amount sanctioned to a borrower is based on his age, salary, educational qualifications, credit history and previous employment track record.

You can club the income of your spouse, in order to increase your loan eligibility. Typically, banks only lend an amount where your monthly EMI outflow is 30 to 50 percent of your salary. Any amount greater than this could make repayments towards the loan a burden.

When a borrower makes EMI payments to the lender, during the initial years, a large chunk of the money will flow towards interest repayments. As the years roll by, the principal component increases. Step-up option The cost of buying a house has gone up manifolds. It might be unaffordable to a large chunk of people, especially those who have started earning recently.

Step-up loan is a flexible and innovative product designed specially for this segment of people. A step-up loan is a kind of home loan, which offers varying EMIs spread over the loan’s tenure. During the initial years of the tenure of a step-up loan, the EMIs are small.

  1. This makes it affordable for the young working population that has embarked on its career and holds tremendous growth prospects.
  2. As the years roll by, the EMI outflow increases.
  3. It is assumed that the borrower will grow up the ladder, get promotions and earn increments.
  4. Hence, though EMI increases with time, it will still appear affordable for the borrower.

Since a step-up loan takes into account the future earning potential of the prospective borrower, it increases his loan eligibility. He is lent a huge amount – much more than his current income. Hence, those earning lesser income initially, can also afford a larger home with their loan.

  1. Step-down option If a borrower is close to his retirement years and has a huge earning capacity, some lenders offer stepdown loan products.
  2. Here, the rates are huge initially as the borrower can easily afford high EMI repayments.
  3. Gradually, as the years roll by, the EMI installments come down.
  4. This is the step-down loan, where the burden of EMIs comes down with time.

Depending on your requirement and financial position, select a product that best suits your needs. Download The Economic Times News App to get Daily Market Updates & Live Business News.
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What is step-down repayment?

Go for a Step-Down EMI Plan – There are numerous banks and non-banking financing companies that provide their customers with the option of a Step-Down EMI Plan. According to this scheme, when a borrower avails a loan, he or she has to pay a larger amount as EMI during the start of the tenure.
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What is a good credit score to buy a Mercedes?

Financing an Automobile Through Mercedes-Benz Financial Services – You need to have good credit to get an auto loan or lease with Mercedes-Benz Financial Services. The higher the score you have, the better chance you’ll have for getting a loan amount and APR you feel comfortable with. You’ll definitely want a score of at least 680 to get a good loan term, and you’ll need to show solid income.
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Can you pay off Mercedes finance early?

Financing | Mercedes- Benz-Financial Services Financing a Mercedes-Benz can pay off in the long run. You can customize your financing arrangement according to your preferences with financing terms lasting from 24 to 72 months (available in most states).

  1. Buying your vehicle means no mileage restrictions, whereas leases often come with limits on miles driven.
  2. With ownership, you can modify your car any way you like with non-factory accessories (modifying a leased car is not permitted unless they are retailer-installed, factory-approved options).
  3. Considering a used car? Mercedes-Benz Financial Services will finance most pre-owned Mercedes-Benz models up to 5 model years old.

Lump sum balloon payment at end of finance term results in lower monthly payments than standard financing. Final balloon payment must be paid in full by cash payment or financing arrangement (if available). Your Mercedes-Benz Financial Services First Class Financing agreement requires continual comprehensive and collision insurance on your vehicle.

Ask your insurance agent to send policies, renewals or carrier changes to: Mercedes-Benz Financial Services Insurance Services Department P.O. Box 685 Roanoke, TX 76262-1800 Please see your financing agreement. After notifying the police (where necessary), please notify your insurance agent and our Insurance Support Services Department Monday -Friday between 9 a.m.

and 6 p.m., Eastern at (866) 321-8351. If you’re renewing, canceling or changing carriers, have your agent send a copy of your new policy or binder to Mercedes-Benz Financial Services at the address below. Please include a copy of your current policy as a reference.

Please make sure the “loss payee” language is correct. Cancellation notices must be received by Mercedes-Benz Financial Services at least 30 days prior to the effective date. Send to: Mercedes-Benz Financial Services Insurance Services Department P.O. Box 685 Roanoke, TX 76262-1800 We recommend that you follow the maintenance schedule outlined in your Owner’s Manual.

An authorized Mercedes-Benz Dealer should do all service and repairs. To find a MB Dealer near you, call 1.800.FOR MERCEDES (1.800.367.6372) or visit, Your financial obligation ends with your last payment,provided no other charges are outstanding. You may pay off the remaining balance of your loan at any time before the last payment is due.

For the fastest processing, please send a Cashier’s Check to: MB Payoff Overnight Mailing Address: Chicago, Illinois 60631

MB Payoff Standard Mailing Address: Mercedes-Benz Financial Services P.O. Box 5209 Carol Stream, IL 60197 -5209 Mercedes-Benz Financial Services Box# 5209 8430 West Bryn Mawr Ave., 3rd Floor How Does Mercedes Agility Finance Work If you’re interested in leasing a vehicle, visit our Leasing page to learn more. * Starting price is MSRP, or Manufacturer’s Suggested Retail Price. MSRP excludes transportation and handling charges, destination charges, taxes, title, registration, license, tag, preparation and documentary service fees, insurance charges, and Dealer add-on products, accessories and associated labor and installation charges.

MSRP for a base model prior to customer build also excludes charges for optional equipment, products, packages, and accessories. Actual vehicle price and availability may vary by Dealer and should be confirmed with the dealer selected by customer. MBFS NMLS #2546 ** Stated rates of acceleration are based upon manufacturer’s track results and may vary depending on model, environmental and road surface conditions, driving style, elevation and vehicle load.

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† EPA estimated fuel economy. Compare the estimated mpg to the estimated mpg of other vehicles. You may get different mileage depending on how fast you drive, weather conditions and trip length. Your actual highway mileage will probably be less than the highway estimate.

With optional trailer hitch. Read Operator’s Manual before towing. In some states, aftermarket trailer brakes are required. See dealer for details. †† EPA estimated driving range with a fully charged battery. Driving range may vary based on model, terrain, temperature, driving style, optional equipment, use of vehicle features, and other factors.1 Vehicle may not be exactly as shown.2 As a concept car, the designs, features, etc.

are subject to change. The Online Price is the latest price for the vehicle as reported by Dealer and excludes taxes, additional add-on products, accessories and associated labor and installation charges, insurance charges, and, depending on location, certain fees resulting from the sale of the vehicle, including, but not limited to, title, registration, license, tag, and preparation and documentary service fees.
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What is the downpayment for a Mercedes?

Stay in Touch Receive the latest news, special offers and exclusives. Other Mercedes-Benz Sites * Starting price is MSRP, or Manufacturer’s Suggested Retail Price. MSRP excludes transportation and handling charges, destination charges, taxes, title, registration, license, tag, preparation and documentary service fees, insurance charges, and Dealer add-on products, accessories and associated labor and installation charges.

MSRP for a base model prior to customer build also excludes charges for optional equipment, products, packages, and accessories. Actual vehicle price and availability may vary by Dealer and should be confirmed with the dealer selected by customer. MBFS NMLS #2546 ** Stated rates of acceleration are based upon manufacturer’s track results and may vary depending on model, environmental and road surface conditions, driving style, elevation and vehicle load.

† EPA estimated fuel economy. Compare the estimated mpg to the estimated mpg of other vehicles. You may get different mileage depending on how fast you drive, weather conditions and trip length. Your actual highway mileage will probably be less than the highway estimate.

  • With optional trailer hitch.
  • Read Operator’s Manual before towing.
  • In some states, aftermarket trailer brakes are required.
  • See dealer for details.
  • EPA estimated driving range with a fully charged battery.
  • Driving range may vary based on model, terrain, temperature, driving style, optional equipment, use of vehicle features, and other factors.1 Vehicle may not be exactly as shown.2 As a concept car, the designs, features, etc.

are subject to change.3 FINANCE DISCLOSURES: The payment estimator is not an advertisement or offer for specific terms of credit and actual terms may vary. Payment amounts presented are for illustrative purposes only and may not be available. Not all models are available in all states.

Actual vehicle price may vary by Dealer. Finance Transactions: The Estimated Monthly Payment amount calculated is based on the variables entered, the Manufacturer’s Suggested Retail Price (MSRP) for the vehicle selected or the Total Build price for the vehicle you design, the term you select, the down payment you enter (defaults to 10% of MSRP or Total Build price), the Annual Percentage Rate (APR) you select, and any net trade-in amount.

The payment estimate displayed does not include taxes, title, license and/or registration fees. Payment amount is for illustrative purposes only. Actual prices may vary by Dealer. Payment amounts may be different due to various factors such as fees, specials, rebates, term, down payment, APR, net trade-in, and applicable tax rate.

  • Actual APR is based on available finance programs and the creditworthiness of the customer.
  • Not all customers will qualify for credit or for the lowest rate.
  • Please contact an authorized Mercedes-Benz Dealer for actual rates, program details and actual terms.
  • Lease Transactions: The Amount Due at Signing is the amount to be paid by the lessee prior to or at signing of the lease or by delivery of the vehicle.

The Amount Due at Signing displayed is an estimate and does not include taxes, title, license and/or registration fees. It includes the first month’s payment, an acquisition fee, and down payment, less any net trade-in amount. The Estimated Monthly Payment shown is based on the variables entered, the Manufacturer’s Suggested Retail Price (MSRP) for the vehicle selected or Total Build price for the vehicle you design, the term you select, the down payment you enter (defaults to 10% of MSRP or Total Build), the annual mileage you select, any net trade-in amount, and Mercedes-Benz Financial Services’ current lease program.

A security deposit may be required depending on creditworthiness. The payment estimate displayed does not include taxes, title, license and/or registration fees. Payment amount is for illustrative purposes only. Payment amounts may be different due to various factors such as available lease programs, fees, specials, rebates, term, down payment, net trade-in, applicable tax rate, and creditworthiness of the customer.

Not all customers will qualify for credit or for the lowest payment amount. Please contact an authorized Mercedes-Benz Dealer for program details and actual terms.4 The estimated APR is the estimated annual percentage rate. The actual APR is based on available finance programs, the variable dealer margin, and the creditworthiness of the customer and is subject to change.

  • Not all customers will qualify for credit or for the lowest rate.5 Estimated Payment: The payment estimate generated is not an advertisement or offer for specific terms of credit and actual terms may vary.
  • Payment amounts presented are for illustrative purposes only and may not be available.
  • For Leased Vehicles: The Estimated Monthly Payment shown is based on default variables: the Manufacturer’s Suggested Retail Price (MSRP) for the vehicle selected, an excellent credit score, a term of 36 months, a down payment of $0, an annual mileage of 15,000 miles, a net trade-in amount of $0, and Mercedes-Benz Financial Services’ current lease program.

If you make changes to these default values, the Estimated Monthly Payment amount will change based on variables you enter. The payment estimate displayed includes estimates of taxes, title, license and/or registration fees. Additional dealer fees may apply.

  • Not all customers will qualify for credit or for the lowest rate.
  • A security deposit may be required depending on creditworthiness.
  • For Financed Vehicles: The Estimated Monthly Payment amount calculated is based on default variables: the Manufacturer’s Total Online Price for the vehicle selected, a term of 72 months (or for model years 6 years old or older, a term of 48 months), a down payment of $0, an excellent credit score, and a net trade-in amount of $0.

If you make changes to these default values, the Estimated Monthly Payment amount will change based on variables you enter. The payment estimate displayed includes estimates of taxes, title, license and/or registration fees. Additional dealer fees may apply.

The estimated Annual Percentage Rate (APR) used to calculate the payment is based on the variables above and may change. The actual APR is based on available finance programs, the variable dealer margin, and the creditworthiness of the customer. Not all customers will qualify for credit or for the lowest rate.6 The Total Amount Financed is based on the selling price of the vehicle, plus estimated taxes and fees, if available, less your down payment and net trade-in, if any, plus any optional add-on products you select, if financed.

If Extended Limited Warranty or Prepaid Maintenance is selected and no price is provided, then the product price is not included in the Total Amount Financed. The Total Amount Financed is not an advertisement or offer for specific terms of credit and actual terms may vary.

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Amounts presented are for illustrative purposes only and may not be available. Additional down payment may be required to qualify.7 The Amount Due at Signing is the amount to be paid by the lessee prior to or at signing of the lease or by delivery of the vehicle. The Amount Due at Signing displayed is an estimate and does not include taxes, title, license and/or registration fees.

It includes the first month’s payment, an acquisition fee, and down payment. The Online Price is the latest price for the vehicle as reported by Dealer and excludes taxes, additional add-on products, accessories and associated labor and installation charges, insurance charges, and, depending on location, certain fees resulting from the sale of the vehicle, including, but not limited to, title, registration, license, tag, and preparation and documentary service fees.
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What does agility mean in banking?

According to Sharhabi (2012), agility is the ability of an organization to immediately respond to changes in the market and customer demands.
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What does sales agility mean?

What is sales agility in your distribution operation and how to achive it Sales agility refers to the ability of a company to fulfill a sale efficiently and in the shortest amount of time. If you are a distributor it involves the optimization of the order-taking process, the pick and pack of the order, and the delivery.
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What is the employee discount at Mercedes-Benz?

10% off MSRP, you could get a better deal as a customer.
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How much is employee discount at Mercedes?

Originally Answered: Does everyone working in Mercedes drive a Mercedes? A quick search online shows that Mercedes in the USA offers a 12.5% discount to staff on certain models on the Master Lease programme.
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Do Mercedes employees get company cars?

Car Benefit Scheme – Our Employees are entitled to lease a brand new vehicle via the Car Benefit Scheme. Beyond this, we also offer attractive prices for employees wishing to purchase a new, used or trade vehicle.
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Is insurance cheaper if you own or finance?

Financing a car usually means higher car insurance rates because lenders will require you to carry full-coverage insurance. Getting a loan for a car can happen before you buy or after you own. Car loans can be obtained from lenders such as: No matter where you get your loan, having one will likely impact the cost of your car insurance, Read on to learn how. RECOMMENDED
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Is insurance cheaper if you finance?

Car insurance is generally the same price whether you lease or finance a vehicle. Both lenders and lessors normally require that you carry full coverage to protect the car (their asset) until the loan is paid off or the lease term ends.
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Is insurance more expensive if you finance?

Will having an auto loan lead to higher premiums on your auto insurance? Yes, but not directly. While auto insurers won’t charge you more simply for having an auto loan, you will have more coverage requirements, and therefore you’ll wind up paying more for car insurance than if you owned your vehicle outright.
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What is Mercedes memory card for?

The Mercedes-Benz navigation SD card stores the navigation programme itself and additional user data, such as locations and routes. It’s a convenient way for you to keep track of your trips and make sure that you have enough space to store all the information you need.
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What is the targeting strategy of Mercedes-Benz?

Mercedes-Benz bets on India’s nouveau riche to drive luxury car sales Mercedes is the top-selling luxury car brand in India, with a market share of more than 40%, says auto market data provider JATO Dynamics, and it competes with Audi, BMW and Tata Motors’ Jaguar Land Rover. Mercedes’ India sales rose more than 40% to 11,242 cars in 2021, coming off a low of 7,893 during the pandemic-hit year of 2020. See More Details “,”next_sibling”:,”related_content”:,”msid”:91686129,”entity_type”:”ARTICLE”,”title”:”Mercedes-Benz outlines new strategy fuelled by \u2018creating desire\u2019″,”synopsis”:”Mercedes-Benz has said it aims to sell exclusively electric vehicles in 2030 where market conditions allow. The volume of EVs sold will accelerate in the second half of the decade, Kaellenius said, when more models have been rolled out.”,”titleseo”:”business-of-brands\/mercedes-benz-outlines-new-strategy-fuelled-by-creating-desire”,”authors”:,”analytics”:,”Alttitle”:,”artag”:”Reuters”,”artdate”:”2022-05-20 16:00:00″,”lastupd”:”2022-05-20 16:00:00″,”breadcrumbTags”:,”secinfo”: }” data-authors=””=”” data-category-name=”Business of Brands” data-category_id=”385″ data-date=”2022-05-20″>

Business of Brands 1 min read

Mercedes-Benz has said it aims to sell exclusively electric vehicles in 2030 where market conditions allow. The volume of EVs sold will accelerate in the second half of the decade, Kaellenius said, when more models have been rolled out.

Reuters

Published On May 20, 2022 at 04:00 PM IST

Read by: 100 Industry Professionals Read by 100 Industry Professionals Earlier, Mercedes-Benz raised its margin target to 14% by 2025, from 10% or higher, assuming favourable conditions. Mercedes-Benz outlined a new strategy fuelled by “creating desire” through scarcity at a strategy day on the French Cote d’Azur, where it showcased its luxury models to analysts, investors and selected customers.

The German carmaker will dedicate 75% of its investments to top-end vehicles and its highest-selling segment of “core luxury” C-Class and E-Class models, it said on Thursday, while cutting the number of entry-level models. Chief Executive Ola Kaellenius said the semiconductor shortage which has hit the industry over the last two years had allowed Mercedes-Benz to test out higher prices on customers, which it will maintain even when the shortage eases.

“At some point restrictions (in semiconductor supply) will be lifted, but we will stick with the discipline,” he said. Mercedes-Benz has said it aims to sell exclusively electric vehicles in 2030 where market conditions allow. The volume of EVs sold will accelerate in the second half of the decade, Kaellenius said, when more models have been rolled out.

We want to put ourselves in a position where we can serve all our markets electrically. If it’s 2030 plus ‘x’. it’s certainly not bigger than ‘5’,” Kaellenius said. Earlier, Mercedes-Benz raised its margin target to 14% by 2025, from 10% or higher, assuming favourable conditions. It projected a 60% rise in the sales share of its top-end models from 2019 levels to 17-18% by 2026, with the Chinese market offering the highest growth potential.

Despite hitting a 16.4% margin in its cars division in the first quarter of 2022, the margin target for 2025 was ambitious given the carmaker needed to finance its electrification strategy, chief financial officer Harald Wilhelm said. “We need to be realistic about the cost of the transition to battery-electric vehicles,” Wilhelm said.
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