The auto industry is expected to grow this year due to rising demand for electric vehicles, and technological advancements that make them more affordable and accessible to a wider consumer base. Therefore, fundamentally sound auto stocks Stellantis N.V. (STLA), Genuine Parts Company (GPC) and Cars.com Inc. (CARS) could be wise portfolio additions.
Before delving deeper into their fundamentals, let’s discuss what’s happening in the auto industry.
