Deliveries of the Daimler AG’s Mercedes-Benz E-Class, BMW AG’s new 5-Series and a revamped Audi A8 are being boosted to cope with the demand in the US and China.
Sascha Gommel, a Frankfurt-based analyst with Commerzbank AG, said that there are 900,000 millionaires in China, many of whom want to show off their wealth. German carmakers have released new models in China to draw buyers in – resulting to high gains. BMW’s new 5 series is sold out, while Audi’s sales of the new A8 sedan continue to increase.
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