Auto1 flies out of the MDax

The start-up made a brilliant stock market debut at the beginning of last year. Now it is being relegated to the SDax.

Following its quarterly review of the indices, Deutsche Börse announced the promoted and relegated companies on Thursday evening. Auto1, the start-up that operates Wirkaufendeinauto.de and is also behind Autohero, has lost its position in the MDax of the 50 largest second-line stocks. Just like the automotive supplier Hella and the medical software provider Compugroup Medica, it has been relegated to the 70-company small-cap index SDax. The car rental company Sixt, the media group RTL Group and the chip supplier Siltronic have moved up instead. The reshuffling of the indices will take place on March 21.

Auto1 was only launched on the capital market at the beginning of last year and had a brilliant IPO. At the time, the used car start-up was valued at 11.7 billion euros.

There are also changes in the DAX index of the 40 largest companies. The commercial vehicle manufacturer Daimler Truck and the reinsurer Hannover Re are moving up. The consumer goods group Beiersdorf and the energy technology group Siemens Energy are moving down. The two start-ups Delivery Hero and Hellofresh were able to keep their place in the Dax.