CITIGROUP analysts say Mercedes‑Benz shares showed little reaction to a c.8% drop in global auto sales in Q2, highlighting very low market expectations. The bank says investors are likely to wait for clear evidence of stronger EBIT margins or a resumption of buybacks before re‑entering. Mercedes sold 2,000 fewer cars in Q2 versus Q1, which points to a renewed margin squeeze after the 4.1% reported in Q1. Van volumes rose 1% to 94,000 units; that division should deliver another solid quarter with

CITIGROUP analysts say Mercedes‑Benz shares showed little reaction to a c.8% drop in global auto sales in Q2, highlighting very low market expectations. The bank says investors are likely to wait for clear evidence of stronger EBIT margins or a resumption of buybacks before re‑entering. Mercedes sold 2,000 fewer cars in Q2 versus Q1, which points to a renewed margin squeeze after the 4.1% reported in Q1. Van volumes rose 1% to 94,000 units; that division should deliver another solid quarter with margins near 10%. CITIGROUP rates the stock neutral with a PT of €51.