Mercedes-Benz Malaysia (MBM) announced its first quarter results for 2019 at the launch of its V177 Mercedes-Benz A-Class Sedan earlier today. During the period, the company delivered 2,944 vehicles to customers, which is a 11.59% reduction from the 3,330 units managed in the same period last year.

It however remains the market leader in the premium segment, with a 2.4% market share. The company also recorded its best-ever sales in March, when it shifted 1,334 units.

In terms of specifics, a total of 427 units of the brand’s compact cars were sold in Q1, 28% less than that managed in the first quarter of last year (596 units). As for its luxury sedans (the C-, E- and S-Class), a total of 1,714 units were delivered, a 13% reduction from the 1,965 units in the same period last year.

The brand’s SUVs managed an increase, with 695 units sold, a three percent improvement over that in 2018 (675 units). Finally, 108 Dream Cars were sold during the period, an increase of 15% from that registered in Q1 last year (94 units).

In terms of products, the company introduced five new variants in the first quarter, these being the W219 E 200 SportsStyle Avantgarde and E 300 Exclusive, the E 350 AMG Line, the C253 GLC 300 Coupe and V167 GLE 450 AMG Line.

Elsewhere, the first quarter saw Mercedes-Benz Services Malaysia (MBSM) recording a financing portfolio of over RM 2.7 billion, with an increase of 0.3 billion of year-to-date growth. The company financed four out five Mercedes-Benz vehicles sold, with 50% of these being insured by MBSM.

As for after-sales service, over 40,000 vehicles were serviced in the first quarter of 2019 – a 13% increase compared to the previous year.