Mercedes-Benz Sells More Luxury Cars Than Audi, BMW

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German car manufacturers Audi and BMW sold fewer luxury vehicles in January than rival Mercedes-Benz, which has benefited from the increased demand for its compact cars and SUV's in China.

Mercedes leads the luxury car market

Mercedes-Benz posted 52 percent jump in its Chinese deliveries, dwarfing its rivals, BMW and Audi, who reported only single-digit gains.

Mercedes, benefiting from the increasing demand for its new C-Class and E-Class saloons, has reported 20 percent increase in January sales to 150,814 cars.

"Mercedes still has the strongest product momentum and should come out on top of global sales rankings at the end of 2016," Hamburg-based M.M. Warburg analyst Marc-Rene Tonn said, citing the brand's comeback in China.

Last year, Mercedes-Benz pushed Audi back to the second place in global sales for the first time since 2010.

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