Last year, the auto industry faced hurdles like high inflation, interest rate hikes, and supply chain disruptions, impacting the sales of new vehicles. However, a rebound is anticipated this year as inflation eases and supply chain issues improve.
Amid this backdrop, it could be prudent to consider fundamentally strong auto stocks Tesla, Inc. (TSLA), Mercedes-Benz Group AG (MBGAF), Bayerische Motoren Werke Aktiengesellschaft (BMWYY), and Stellantis N.V. (STLA), given their high profitability.
