The auto industry experienced a downturn in sales last year due to elevated inflation and disruptions in the supply chain. Nevertheless, this year has seen a resurgence in sales attributed to reduced inflation, enhanced inventory management, and improvements in supply chain efficiency.
With auto sales expected to keep growing in the upcoming quarters, it could be prudent to consider buying Toyota Motor Corporation (TM). However, Ford Motor Company (F) doesn’t look well-positioned to benefit significantly from the industry trends. Hence, waiting for a better entry point in the stock could be wise.
