Mercedes-Benz plans to cut 15 to 20 percent of its dealerships in Germany, and about 10 percent globally, as part of broad overhaul of its distribution network, executives said.

There are no plans for a U.S. dealership consolidation, the automaker said. Mercedes is also moving toward a more direct-sales – or "agency" – model, and is targeting 80 percent of European sales through this method by 2025, with 20 markets in total, from five today.

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Mercedes To Slash Dealership Ranks In Europe By 15% - Moving Towards Direct Sales Model

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