Mercedes-Benz China sales to moderate in remainder of 2016: country head

BEIJING Sales of Mercedes-Benz vehicles in China will moderate over the remainder of 2016, compared with a 39 percent year-on-year growth in the first quarter, the brand’s China head said on Monday.

Mercedes-Benz’s sales in China rose three times as fast as BMW’s (BMWG.DE) in the first quarter, to make the brand the biggest seller of luxury cars globally, monthly registration figures showed earlier this month.

The latest outlook was provided by Mercedes’ China chief, Hubertus Troska, during a media roundtable at the Beijing autoshow. Mercedes is owned by Daimler AG (DAIGn.DE).

(Reporting by Jake Spring- Editing by Muralikumar Anantharaman)