The auto industry is currently experiencing tailwinds arising out of strong customer demand, rapid EV adoption, government incentives, and the easing of the global supply chain. The industry is expected to benefit further from the anticipated interest rate cuts by central banks this year.
Amid this backdrop, it could be wise to buy fundamentally strong auto stocks Volkswagen AG (VWAGY), Bayerische Motoren Werke Aktiengesellschaft (BMWYY), and Suzuki Motor Corporation (SZKMY), which are Wall Street favorites.
