The auto industry accounts for 4% of global GDP and its share of economic activity is expected to continue growing. According to Statista.com, in 2017 the global industry was worth $5.3 trillion and this is expected to grow to $8.9 trillion by 2030.
Within the auto industry, there are a variety of types of companies: auto manufacturers, car dealerships, auto parts and service companies, etc. Many of these companies have experienced impressive returns over the past couple of years and there’s no reason to think that this momentum should slow down in 2022.
