XTRA:MBGAuto
Assessing Mercedes-Benz (XTRA:MBG) Valuation After China Sales Slump and Intensifying Local EV Competition
Mercedes-Benz Group (XTRA:MBG) is back in focus after reporting a steep 27% year on year sales drop in China for the July to September quarter, underscoring how quickly local competitors are reshaping the luxury car market.
See our latest analysis for Mercedes-Benz Group.
Despite the setback in China, investors have largely taken it in stride, with the share price at $61.69 and a roughly 20% 3 month share price return pointing to still constructive sentiment. Over the longer run, the about...