
Despite macroeconomic concerns, auto sales in the United States are expected to increase due to pent-up demand and technological advancements. Therefore, fundamentally sound auto stocks Suzuki Motor Corporation (SZKMY), Stellantis N.V. (STLA) and Honda Motor Co., Ltd. (HMC), which investors are bullish about, could be wise portfolio additions.
Before delving deeper into their fundamentals, let’s discuss what’s happening in the auto industry.