since 1976
since 1976
Mercedes-Benz Malaysia (MBM) delivered a record-breaking third quarter performance in 2018 (3Q2018), resulting in 10,143 cars delivered to customers. Consistently placing customers at the centre of its activities, Malaysia’s leading luxury lifestyle brand dotted the past quarter with vibrant progress in its extensive network, product portfolio and talent development.
In 3Q 2018, MBM continued to move closer to customers. Together with dealer partner, Asbenz Stern Sdn Bhd (Asbenz Stern), MBM launched the Asbenz Stern Kuantan Autohaus and Service Centre. This underlined MBM’s commitment to the east coast, further retaining its leading position with the largest premium network coverage in Malaysia comprising 34 Autohauses nationwide.
Mercedes-Benz Malaysia delivered 10,143 vehicles in 3Q 2018, a 16 per cent increase compared to the same period last year; while a market share of 2.5 per cent in total for 3Q 2018 records an improvement of 0.2 per cent from 3Q 2017. Thus far this year, MBM’s locally-produced limousines namely the Mercedes-Benz C-, E-, and S-Class, collectively recorded a total of 6,344 units sold. MBM’s range of premium compact cars comprising the Mercedes-Benz A-Class, B-Class, GLA-Class and CLA-Class recorded 1,268 units sold. These two segments recorded increases of 21.1 per cent and four per cent respectively compared to the the third quarter of last year.
The premium SUV range by Mercedes-Benz remained a growth driver recording 1,960 units sold, which translated into a 3.4 per cent increase compared to Q3 2017. The eminent brand-shapers in the form of the Mercedes-Benz Dream Cars collection also recorded a notable achievement with 570 units sold, marking a 40 per cent increase compared to 3Q 2017.
Adding to its thrilling product portfolio, Mercedes-Benz Malaysia also launched the all-new Mercedes-Benz S-Class limousine, along with the S-Class cabriolet, S-Class Coupe, and Mercedes-Maybach S-Class in 3Q 2018. The unveiling showcased an exclusively diverse and holisitic collection of Mercedes-Benz S-Class automobiles for fans in Malaysia.
Catering to Malaysia’s passionate performance drivers with the aspirational dream car collection, MBM celebrated its brand-shapers with the launch of the luxurious Dream Cars Collection for 2018. They comprised the all-new Mercedes-Benz CLS-Class Coupe, the Mercedes-AMG GT C and the Mercedes-Benz E-Class Cabriolet.
Upholding the Best Customer Experience pillar and showcasing unparalleled expertise in caring for every Mercedes-Benz vehicle, MBM held the 2018 Mercedes-Benz SEA II Skills Competition in 3Q 2018. This year marked the competition’s 10th anniversary and first year opening its doors to the South East Asia II (SEAII) region. A total of 613 Customer Services Professionals and Advanced Modern Apprenticeship finalists competed for the title of best technician, service advisor and process specialist within the Mercedes-Benz network.
Moving into its service performance for 3Q 2018, MBM’s dealer network registered a service volume of 109,927 from 31 service centers, an increase of 16 per cent over the previous year. Noting the higher volume of vehicles serviced, MBM continued to once again uphold the highest standards of Customer Satisfaction Index (CSI) which are a benchmark in Southeast Asia.
Mercedes-Benz Services Malaysia (MBSM), the financing arm of MBM, continued its growth trajectory in Q3 of 2018 maintaining a serviced portfolio of over RM2.5 billion, and continues to finance four out of 10 Mercedes-Benz cars sold in Malaysia.
Enhancing the current service standard of finance and insurance products, customer car loan decisions at MBSM can now be undertaken in seconds through the implementation of a newly automated underwriting process for loan applications upon receipt of a complete set of required documents. Within one month of introduction of this service, MBSM was processing 15 per cent of applications via this efficient and convenient method.
To diversify its funding sources in anticipation of further growth prospects in the local market, MBSM recently issued a RM 3 billion corporate bond programme in Malaysia. MBSM received a credit rating of AAA by the independent credit rating agency RAM and its first issuance of RM 250 million of the bond program has been comprehensively taken up by local investors.
*The numbers for 3Q 2018 are unaudited and subject to change.
