In this piece, I evaluated two auto stocks, Suzuki Motor Corporation (SZKMY) and Rivian Automotive, Inc. (RIVN), to determine which has better return potential. Based on a fundamental comparison of these stocks, I find SZKMY a better pick for the reasons explained throughout this article.
Auto sales suffered last year due to the challenges posed by high inflation, rising interest rates, and supply chain constraints. Sales of new vehicles last year dropped to their lowest level since 2011. However, sales of electric and plug-in hybrid vehicles in the U.S. remained strong as they closed in on the million mark, having sold 928,884 units.
