Despite concerns about the overall economy, the United States is expected to see an increase in auto sales, as supply chains stabilize. Against this backdrop, we look into auto stocks like BorgWarner Inc. (BWA), Gentex Corporation (GNTX), and Superior Industries International, Inc. (SUP) as investment choices.
In August, U.S. new vehicle sales reached 1,341,169 units, marking a 16.2% increase from August 2022 and a 2% rise from July 2023. As supply chains stabilize, this uptick in new car sales signals a revival in the automotive sector.
