Demand for commercial vehicles in the European Union remains weak. According to the industry association Acea, new registrations of commercially used vehicles in May fell by almost 18 percent compared to the same month last year to 136,410 units.
In the four key markets of France, Spain, Germany and Italy in particular, manufacturers once again had to accept severe declines. In Spain, the number of registrations fell by almost 30 percent. In Germany it fell by almost a fifth. Demand for heavy trucks and buses recovered in May.
Since the beginning of the year, the decrease has amounted to almost a fifth to 673,095 vehicles. The overall decline was due to a slump in registrations of light commercial vehicles up to 3.5 tons, which account for the majority of registrations.
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In the DAX, VW is the weakest value in the DAX among the automotive stocks. The title has lost 24 percent since the beginning of the year. This means that the distance to the record high, which was reached in March at around 262 euros, is increasing and is now almost 49 percent.
VW share with new low for the year
This negative scenario now has one more facet: VW is currently falling to a new annual low of around 125 euros. The downward trend since spring 2021 is intact, the downward trend line is slightly above 160 euros. The MACD (Momentum) is also pointing down, supporting the downtrend. The technical situation only improves above 140 euros.
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