An impending trade war with important trading partners ensures price losses in car and truck shares at the start of the week.
At the weekend, US President Donald Trump imposed imports from the neighboring countries Mexico and Canada tariffs of 25 percent, only 10 percent on energy imports from Canada. An additional 10 percent are due on all imports from China. And the EU could follow.
The shares of BMW, Mercedes-Benz (Mercedes-Benz Group (ex Daimler)) and Volkswagen (Volkswagen (VW) VZ) fell on the trading platform Tradegate on Monday morning compared to their Xetra closing stands between 2.4 and 5.1 percent . The papers of truck manufacturers Daimler Truck and Traton lost around 5 and a good 2 percent.
The European industry index Stoxx Europe 600 Automobiles & Parts is also likely to give in significantly. He had recently recovered significantly from the intermediate low in November and approached the 200-day line again. This still downward indicator for the long -term trend should now slide again into a little further.
The problem: The big German car manufacturers and many suppliers use Mexico as a production site-and from there operate the US market. VW, Audi and BMW have their own factories in the country, Mercedes-Benz produced in a community work with Nissan Motor.
Analyst Philippe Houchois from the Jefferies investment house, however, sees less the German manufacturers affected than much more the big US car company. The US import duties are likely to increase vehicle prices in the United States or the production costs by an average of 6 percent if there is no quick de-escalation, he explains in an industry study.
Houchois and amber expert Daniel Roeska agree that the three major US companies will be most affected, i.e. in addition to Ford and Stellantis, especially General Motors (GM). At the US electric car builders Tesla, Rivian Automotive and Lucid, complete assembly in the United States limits the risks to prices for supplied parts, added Houchois.
The Jefferies specialist sees comparatively lower dangers – albeit on the basis of an earlier analysis because of the more global line -up at Stellantis and Volkswagen; In addition: BMW and Mercedes-Benz are value-based net exporters from the USA.
Jose Asumendi, analyst at Bank JPmorgan,, on the other hand, sees the greater effects at Daimler Truck, Volkswagen, Traton and Stellantis, while Iveco, Renault, Michelin (Compagnie Générale D Establissements Michelin SCPA) and Volvo Truck are comparatively better positioned, according to the expert.
Actually, it could also be assumed that manufacturers of upper class vehicles can easily overlap higher production costs to their customers than mass producers. However, before a final assessment, it would now have to be seen how the US tariffs have an effect on prices, suppliers and measures by the car manufacturers. Car manufacturers are already building new factories in the USA.
The BMW share temporarily notes 5.22 percent lower at EUR 74.50, while the Mercedes share is 4.91 percent in reduced in 56.03 euros.
The VW share temporarily loses 6.27 percent to 92.46 euros via Xetra.
The Rivian share at times wrote down $ 12.45 in the NASDAQ at the NASDAQ, while the Stellis share in post-market NYSE trading temporarily lists 0.15 percent lower at $ 13.11 .
The Daimler Truck share temporarily loses 5.28 percent to 40.40 euros via Xetra, while the Traton share temporarily loses 4.01 percent to EUR 28.70.
The Renault share temporarily notes 3.30 percent lower at EUR 48.00 via Xetra. The Michelin share temporarily notes 1.07 percent lower at EURONETTION at EUR 33.24.
The General Motors share temporarily lists 0.06 percent lower at $ 49.43.
Frankfurt/New York (dpa-Afx)
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