The auto parts industry is popular amongst investors as it remains well insulated against the ups and downs of the economy. The auto parts industry is well-positioned for solid growth due to increasing demand for new vehicles, steady aftermarket sales, and the rising use of advanced technology and components.
Considering these factors, it could be wise to buy fundamentally strong stocks Hyster-Yale Materials Handling, Inc. (HY), Modine Manufacturing Company (MOD), Continental Aktiengesellschaft (CTTAY), and Garrett Motion Inc. (GTX), which look poised for growth.
