The outlook for auto stocks is quite horrendous. Tariffs, top of the cycle fears, and diesel-gate concerns are just a few of the major headwinds facing auto manufacturers these days. Specifically for Daimler (OTCPK:DDAIF) (DMLRY), the company recently cut guidance for 2018, is experiencing delivery delays for autos in multiple regions, and is having problems exporting its SUVs from the U.S. to China. July was the first month since February 2013 that Daimler car sales were down, and indeed they were down 6.8%.
However, the stock has fallen 30% since January this year,