Frankfurt am Main — Mercedes-Benz said on Monday that it had defended its top spot as the world’s biggest luxury car maker in 2017, with a surge in sales, particularly in China, enabling it to clock up another record year. The Stuttgart-based group reported sales of about 2.3-million cars in 2017, an increase of almost 10% on the figure for 2016 and its seventh record year in a row. Much of the growth was attributable to Mercedes’ breakneck expansion in China, where sales grew 26%, and the ever-rising appeal of its sport utility vehciles, with the luxury four-wheel-drive vehicles accounting for more than one in three sales worldwide. The group claimed its three-pointed star remained the top high-end car brand worldwide, after overtaking Munich-based rivals BMW in 2016. BMW has yet to release full-year sales figures for 2017, but the latest release from November shows the group significantly lagging Mercedes. "Success in our core business provides the basis for us to actively shape t...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now