Overview
- Mercedes-Benz reported 419,400 vehicles delivered in the first quarter, a 6% decline that pushed the stock down about 2.7% to roughly €53.
- China deliveries fell 27%, the weakest level in almost ten years, reflecting heavy discounting by domestic rivals.
- Europe posted a 7% gain and the United States jumped 20%, yet those increases did not make up for the shortfall in China.
- Management labeled 2026 a transition year in China, with entry models being phased out before new launches later in 2026.
- Analysts tracked by TipRanks keep a Moderate Buy rating with an average price target near €61.6, and the company has not changed its full-year guidance.