After years of below-par performance, the auto industry is riding the waves of optimism as demand remains robust amid easing inflation and supply chain challenges. Despite the high borrowing rates, auto sales will likely remain healthy this year.
However, not all auto stocks are likely to capitalize on the tailwinds. While avoiding fundamentally weak Nikola Corporation (NKLA) could be wise, investors could consider buying Wabash National Corporation (WNC), given its strong fundamentals and growth prospects.
