Mercedes Benz group recovers | News

Germany as the world champion in exports is history. In May, for the first time since 2008, more was imported than exported. Problems pile up and the car industry is suffering from a shortage of materials.

The number of new registrations dropped sharply in June. Electric car sales, which have been growing rapidly for years, are now declining. New car registrations fell 18.1 percent in June to around 225,000 vehicles, according to the Federal Motor Transport Authority (KBA).

With the exception of Mercedes, all major car brands fell in sales in June. At VW, sales fell by almost a quarter, and the higher-end manufacturer Audi, part of the Wolfsburg group, lost 13 percent. At BMW, new registrations were almost ten percent lower than a year ago. Porsche, the IPO of which is under preparation, has shrunk relatively moderately by 3.5 percent. In total, 1.2 million new cars have been on the road since the beginning of the year, minus eleven percent.

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Production of German car factories rose by almost a fifth to around 302,500 vehicles in June, which the German Association of the Automotive Industry (VDA) explained already a weak last year due to the lack of chips and the pandemic. However, the industry is still a long way from pre-crown production levels.

In the first half of this year, almost 1.24 million new vehicles were registered. This is eleven percent less than in the same period last year. The lack of parts is now increasingly noticeable in electric cars. According to KBA, 12.5 per cent took to the streets in the first six months. more battery-operated cars than in the same period last year. But with the prospect of until June, the office saw a decline.

Last month, just over 32,200 electric cars were registered, up 3.5 percent. less than in June last year. This is the second month-on-month drop this year. Also in April, new registrations of electric drives dropped. The registrations of plug-in hybrids for which government subsidies expired have shrunk even more.

The shares of the Mercedes Benz Group reached a new low this year

The shares of the Mercedes Benz Group have accelerated their downward trend this year and have fallen to a new annual low of around EUR 50 in early July. Annual losses for 2022 are now around 20 percent. The annual low is also the lowest level since the end of 2020. The MACD (Momentum) has recently managed to stabilize, but the last lows should not be undercut so as not to weaken the even more battered picture on the chart. The charting technique at the Mercedes Benz Group only improves again after the resistance has been surpassed again at around 55 euros.

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