Despite the high borrowing costs and uncertain macroeconomic environment, the auto industry is well-positioned for growth due to robust customer demand, the increasing shift to electric vehicles, easing up of supply chains and falling inflation.
While I think Rolls-Royce Holdings plc (RYCEY) could be a solid buy now, this might not be the right time to invest in Rivian Automotive, Inc. (RIVN) and LCI Industries (LCII) due to their weak fundamentals.
