Despite macroeconomic concerns, auto sales are likely to rise as a result of pent-up demand and technological advances. Given the industry’s growth prospects, investors could consider buying fundamentally sound auto stocks Volkswagen AG (VWAGY), Sonic Automotive, Inc. (SAH) and Strattec Security Corporation (STRT) for solid returns.
Before delving deeper into their fundamentals, let’s discuss what’s happening in the auto industry.
