After enduring some challenging times, the auto industry rebounded strongly this year as supply-related issues eased and inflation cooled significantly. Despite the high borrowing costs, the demand for automobiles is expected to remain strong in the near term.
Considering these factors, buying fundamentally strong auto stocks Wabash National Corporation (WNC) and Blue Bird Corporation (BLBD) could be wise. On the other hand, one should wait for a better entry point in Tesla, Inc. (TSLA), given its uncertain prospects.
