The auto industry in the United States has made a remarkable comeback, fueled by improved economic conditions and pent-up demand from consumers who resisted purchasing vehicles during the pandemic. Therefore, fundamentally sound auto stocks AB Volvo (publ) (VLVLY), REV Group, Inc. (REVG) and Stellantis N.V. (STLA) could be wise portfolio additions.
Before delving deeper into their fundamentals, let’s discuss what’s happening in the auto industry.
