Over the past year, the auto industry has witnessed a robust recovery. Strong customer demand, rapid electric vehicle (EV) adoption, favorable government incentives, and improved global supply chains are driving its current growth. At the same time, anticipated interest rate cuts by the central banks this year are expected to drive the industry’s growth further.
Amid this backdrop, it could be wise to consider buying fundamentally strong auto stocks AB Volvo (publ) (VLVLY), Holley Inc. (HLLY), and Motorcar Parts of America, Inc. (MPAA).
