Auto sales in the US are predicted to rise as a result of pent-up demand, consumer confidence, and technological advancements. Given the industry’s growth prospects, fundamentally strong auto stocks BYD Company Limited (BYDDY), Oshkosh Corporation (OSK) and Hyster-Yale Materials Handling, Inc. (HY) might be worth buying.
Before delving deeper into their fundamentals, let’s discuss what’s happening in the auto industry.
