The auto industry is evolving with technological advancements such as electric vehicles (EVs) and self-driving cars. Therefore, I think investing in auto stocks Hyster-Yale Materials Handling, Inc. (HY), Standard Motor Products, Inc. (SMP), and Miller Industries, Inc. (MLR) could be worth it.
In March 2023, new vehicle sales in the United States totaled 1,384,676 units, a 19.2% rise from February 2023 and a 9.4% increase from March 2022.
