Despite macroeconomic concerns, auto sales in the United States are likely to rise as a result of pent-up demand and technological advances. Also, introducing electric and driverless vehicles has sparked interest and will likely accelerate industry sales growth.
Therefore, it could be wise for investors to buy fundamentally sound auto stock Blue Bird Corporation (BLBD) now. However, I think Rivian Automotive, Inc. (RIVN) could be best avoided, given its weak financials.
