OREANDA-NEWS. Mercedes-Benz is continuing to extend its position as the world's most valuable premium automobile brand. According to the current rankings for "Best Global Brands 2014" compiled by renowned US brand consultancy Interbrand, the Mercedes brand has advanced to 10th place and as such is the only European company to make it into the top 10 of the 100 most valuable brands.

Compared with the previous year, the brand's value has risen by eight percent to 34.34 billion dollars and has thus achieved continued growth since 2009. In the last two years Mercedes-Benz was placed 11th in the rankings.

The authors of the "Best Global Brands" study based the renewed growth in value on the ability of Mercedes-Benz to open up the brand to new, younger target groups based on new models and a new design.

They also said that the success of the new E-Class, CLA or GLA has demonstrated that the new design idiom has been very well received as it allows customers to stand out from the crowd in visual terms.

At the same time, the expansion of sales channels and the strengthening of brand communications in China have contributed to an impressive increase in sales, according to the study.

The "Best Global Brands" are identified by Interbrand annually. The study is considered by leading CEOs worldwide to represent the competitive benchmark for the value of international brands. The study is designed to identify the world's 100 most valuable brands.