Is Mercedes losing market share?
The annual results published this Thursday morning reveal a sharp decline for Mercedes-Benz in 2024, impacted by the drop in sales of electric vehicles, the stagnation of the Chinese market and the turbulence in the European automotive industry. Oct 7 (Reuters) – Mercedes-Benz (MBGn. DE) , opens new tab reported declining sales for the third quarter on Tuesday, as U. S. China dented the German luxury carmaker’s deliveries.Mercedes-Benz Group (OCTPK:MBGAF), the manufacturer of luxury cars and vans, is facing significant sales pressure due to macroeconomic uncertainty, while tariffs are pressuring margins. With a global market and supply chain, the company is susceptible to swings in the broader economy and tariffs.
Is Mercedes stock a buy?
The consensus rating for Mercedes Benz Group is Buy, based on insights from 21 analysts. Mercedes-Benz Group has a consensus rating of Moderate Buy, which is based on 4 buy ratings, 7 hold ratings and 0 sell ratings. The average share price target for Mercedes-Benz Group is 59. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
Does Petronas still sponsor Mercedes?
Championing F1 Success We have been the Mercedes-AMG PETRONAS Formula 1 team’s Title and Technical Partner since 2010, a collaboration founded on a shared ambition to achieve world-class performance. Toto Wolff is team principal and CEO of the Mercedes-AMG Petronas Formula 1 Team. He owns 33%. Under his direction, Mercedes claimed eight consecutive Formula 1 Constructor’s Championships from, 2014 to 2021, as well as seven consecutive Drivers’ Championships during that span.