Analysis among car companies: Mercedes-Benz is the most profitable | Regional

Stuttgart – Good news for the Swabian car manufacturer!

Mercedes-Benz According to last year’s analysis, it was the most profitable of the world’s largest car companies. Profitability – measured by the EBIT margin, which relates operating profit to sales – was 12.8 percent.

This emerges from the analysis of the auditing and consulting company EY, which collected the financial indicators of the 16 largest. Car companies the world has explored.

According to the news, Mercedes leads in that position ahead of parent Opel Stellantis (12.1 percent) and BMW (11.9 percent). Unlike the second and third place, Stuttgart’s volume dropped compared to the previous year.

However, Tesla recorded the biggest drop in 2023: The electric car maker’s margin fell from 16.8 to 9.2 percent compared to the previous year, putting the company in the middle of the field. The Volkswagen Group ranked tenth. The American car manufacturer Ford came last.

Overall, car companies generated a total of two trillion euros in sales last year thanks to higher prices for new cars and a seven percent increase in sales. According to the analysis, that was 13.7 percent more than in 2022. Earnings before interest and taxes (EBIT) rose by a healthy 15 percent to nearly 176 billion euros.