Despite the pandemic challenges, the U.S. auto industry rebounded last year. Moreover, U.S. new vehicle sales rose in the third quarter, demonstrating robust demand in the industry. Therefore, I think quality auto stocks Wabash National Corporation (WNC), Renault SA (RNLSY), and REV Group, Inc. (REVG) could be wise additions to one’s portfolio.
According to data released by Wards Intelligence, U.S. new vehicle sales in September were 1.33 million units, with an annual sales rate of 15.67 million units.
