Last year, auto sales suffered from inflation and supply chain disruptions. However, the auto industry is anticipated to recover this year due to declining inflation and smoother supply chains. Considering this, let’s look at the fundamentals of Ford Motor Company (F) and Mullen Automotive, Inc. (MULN).
In August, U.S. new vehicle sales reached 1,341,169 units, a 16.2% increase from August 2022 and a 2.0% rise from July 2023, when supply chains were limiting production.
