With the increased demand for vehicles in the US, alongside the growing popularity of electric cars, the future for the auto industry looks promising. Therefore, I think investors could watch quality auto stocks Tesla, Inc. (TSLA), Wabash National Corporation (WNC), and Blue Bird Corporation (BLBD) for August, which are poised to capitalize on the industry trends.
In the second quarter, demand for new SUVs, trucks, and cars surged in the US, driving a 16.8% increase in auto sales compared to April through June last year. This was due to pent-up demand following two years of chip shortage-related supply constraints.
