The automotive industry is anticipated to experience a turbulent journey ahead, with challenges including the energy crisis, reduced global demand, and supply-chain issues. Despite these challenges, global new-vehicle sales are projected to remain flat, with new-car sales increasing. Moreover, sales of electric vehicles (EVs) are expected to grow.
Therefore, while I think quality auto stock REV Group, Inc. (REVG) might be a solid buy now, Rivian Automotive, Inc. (RIVN) might be best avoided, given its weak fundamentals.
