Sales of new vehicles in the United States are expected to rise in March, given the pent-up demand for cars and trucks. Therefore, investing in auto stock Gates Industrial Corporation plc (GTES), JTEKT Corporation (JTEKY), and Garrett Motion Inc. (GTX), which are Strong Buy-rated in our POWR Ratings system, could be wise. These stocks are currently trading under $25.
According to a report, total new-vehicle sales for this month, including retail and non-retail transactions, are expected to reach 1.33 million vehicles, a 6.2% increase from March 2022.
