How did our divisions perform in the 3rd quarter 2020? Besides the most important figures and a brief explanation, this page also shows the quarterly sales development in the past three years.
Mercedes-Benz Cars & Vans
Q3 2019: € 1,868 mn
Q3 2019: € 26,562 mn
Return on sales adjusted
Q3 2019: 7.0 %
Mercedes-Benz Cars sold 566,600 automobiles of the Mercedes-Benz and smart brands worldwide in the third quarter (Q3 2019: 604,700). Deliveries from July through September benefited in many markets from recovering demand from end-customers, despite the ongoing covid-19 pandemic. This increased demand could be met at short notice, in particular by reducing dealer inventories. In Europe, 229,800 vehicles were sold (Q3 2019: 253,200), thus continuing the sales revival. In Germany, the region’s core market, Mercedes-Benz Cars sold 84,200 vehicles, almost matching the prior-year level (Q3 2019: 85,100). In China, Mercedes-Benz Cars’ largest market, sales increased by 23% to 213,800 units (Q3 2019: 173,300), setting a new record for a third quarter. In the United States, Mercedes-Benz Cars delivered 52,000 vehicles, significantly below the prior-year number (Q3 2019: 75,700).
Mercedes-Benz Vans posted third-quarter unit sales of 106,900 vehicles (Q3 2019: 100,300). In the EU30 region, Mercedes-Benz Vans sold 69,300 units (Q3 2019: 65,500). With sales of 18,500 units in North America, we recorded our strongest-selling quarter so far (Q3 2019: 14,100). In the United States, we sold 16,000 vans in the third quarter (Q3 2019: 11,600). Sales in Latin America decreased to 3,200 units (Q3 2019: 4,400). In China, sales of 6,500 vans were significantly lower than in the prior-year quarter (Q3 2019: 8,500).
Daimler Trucks & Buses
Q3 2019: € 838 mn
Q3 2019: € 11,483 mn
Return on sales adjusted
Q3 2019: 7.3 %
Sales of 94,100 vehicles by Daimler Trucks in the third quarter of 2020 were 25% lower than in the prior-year period. This development was mainly the result of the ongoing worldwide impact of the covid-19 pandemic. In North America, our truck sales decreased by 22% to 41,800 units. In weight classes 6 to 8, Daimler Trucks continued to be the market leader with a market share of 36.5% (Q3 2019: 34.3%). Sales of 15,400 trucks in the EU30 region (European Union, United Kingdom, Switzerland and Norway) were also significantly below the prior-year level (Q3 2019: 19,900). With a market share of 20.7%, Mercedes-Benz trucks remained the market leader in the medium- and heavy-duty truck segment (Q3 2019: 20.1%). In Germany, sales of 6,900 trucks were 20% lower than in the third quarter of last year. In Brazil, we sold 6,000 units, which is a decrease of 26% compared with the prior-year period.
Daimler Buses achieved sales of 5,100 vehicles in the third quarter of this year (Q3 2019: 9,000). This significant decrease also continued to be mainly influenced by the global consequences of the covid-19 pandemic. With sales of 1,900 units in the EU30 region, Daimler Buses sold 23% fewer complete buses and bus chassis of the Mercedes-Benz and Setra brands than in the prior-year quarter. The decrease was particularly pronounced for touring coaches. Sales in Germany fell by 6% to 700 units. With our Mercedes-Benz and Setra brands, we continued to be the market leader by a clear margin in the EU30 region with a market share of 26.9% (Q3 2019: 31.0%). Our sales in Mexico also decreased significantly to 200 units (-71%). In Brazil, our main market in Latin America, our unit sales were down by 55% to 1,600 bus chassis. Our sales in India also fell significantly to 100 units (Q3 2019: 400).
Q3 2019: € 469 mn
Q3 2019: € 7,086 mn
Return on equity adjusted
Q3 2019: 13.5 %
Daimler Mobility’s business development stabilized in the third quarter and the first signs of a recovery were perceptible. Total new business was at the prior-year level. Worldwide, 516,000 new leasing and financing contracts were concluded in a total amount of € 18.7 billion, 2% more than in the prior-year period. Contract volume amounted to € 149.8 billion at the end of September, and was thus 8% lower than at the end of 2019. Adjusted for exchange-rate effects, contract volume decreased by 4%. Adjusted EBIT amounted to € 601 million (Q3 2019: € 469 million) and the adjusted return on equity was 16.5% (Q3 2019: 13.5%).
Revenues and EBITs of the three divisions are not consolidated. This means each unit is looked at like an independent company, and deliveries between divisions (e.g. products or services from Mercedes-Benz Cars & Vans to Daimler Mobility) are included in that calculation. These internal deliveries have to be eliminated on Group level. That is why the sum of the unconsolidated revenues or EBIT of the three divisions is not equal to the consolidated revenue or EBIT on Group level.
You will find details in our Q3 2020 Interim Report in the notes to the consolidated financial statements, note 3 “Revenue” and note 21 “Segment Reporting”.