Global equities markets continue to be volatile in the face of growing geopolitical tensions in Europe. The automobile industry continues to deal with a protracted semiconductor chip shortage and supply chain crisis and the sector's performance has suffered even more amid the surging market volatility.
However, the robust demand for both used and new cars aided the performance of a few automotive stocks. According to Michelle Krebs, an executive analyst for Cox, there are already signs that the number of available automobiles at dealerships is increasing, reaching more than one million last month for the first time since August.
