In this article, I have evaluated Rivian Automotive, Inc. (RIVN) and Japan-based Mazda Motor Corporation (MZDAY) to predict auto stock trends for this year. After thoroughly evaluating these stocks, I think that MZDAY might be a superior choice for the reasons discussed in this article.
Rapid population growth, urbanization, infrastructure development, and industrial expansion are expected to drive commercial vehicle sales growth. Also, the escalating demand for high-end passenger vehicles is also likely to enhance the performance of the market. The global automotive market is projected to grow at a CAGR of 6.9% until 2030.
