KUALA LUMPUR (Jan 11): Shares of Cycle & Carriage Bintang Bhd gained 3.33% in early trade today after Mercedes-Benz Malaysia Sdn Bhd sold 10,845 units of passenger vehicles in 2015, which is 56% higher compared to the previous year due to higher sales of C-Class, E-Class, S-Class and CLA models.

At 9.15am,Cycle & Carriage gained 12 sen to RM3.72 with 218,900 shares traded.

Mercedes-Benz Malaysia vice president of sales and marketing Mark Raine said total sales volume in 2015 rose from 6,932 vehicles in 2014.

Speaking at a media briefing today on the company's sales performance, Raine said Mercedes-Benz Malaysia would "maintain the momentum in 2016".

Mercedes-Benz Malaysia is a joint venture between Daimler AG and Cycle & Carriage Bintang Bhd.

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