Is Mercedes-Benz a good stock to buy today?
The highest analyst price target is $108. The average price target represents 16. Increase from the current price of $59. What do analysts say about Mercedes-Benz Group? Mercedes-Benz Group’s analyst rating consensus is a Hold. The highest price target for PAY is C$4. PAY is C$4. The average price target represents a forecasted upside of 3. C$3.
Who buys Mercedes the most?
China is Mercedes-Benz Cars’ largest market in terms of unit sales, surpassing Europe, which was the brand’s leading regional market in 2020. In 2023, China accounted for over a third of all new car sales, when some 737,200 Mercedes-Benz cars were sold. Mercedes-Benz Group’s top competitors include Porsche, Marshall Motor Group, and Volvo Cars. Porsche (P911. DE) manufactures luxury and sports automotive vehicles.
Is Mercedes losing market share?
The brand failed to match 2023’s sales in multiple markets including in Europe (down 3% to 641,800 units) and Asia (down 7% to 892,100 units). In its home market of Germany, Mercedes sold a total of 213,500 cars, representing a slide of 9% on the previous year. Meanwhile, in China, sales dropped 7% to 683,600 units. In H1 2024, the BMW Group – which, as a reminder, comprises the BMW, Mini, Rolls-Royce and BMW Motorrad brands – reported a worldwide sales figure of 1 213 359 units . For the record, that represents a 0. The BMW Group beat the Mercedes-Benz Group and repeated the feat in the brand race.