In this article we will take a look at the 10 best automotive stocks to invest in now. You can skip our comprehensive analysis of these stocks and go directly to the 5 Best Automotive Stocks to Invest in Now.
Global car sales took a major battering due to the COVID-19 pandemic last year as the lockdown restrictions dramatically decreased demand for new vehicles. According to research by credit rating agency Moody’s, automotive unit sales plunged almost 16% in 2020, beating projections of a 14% drop at the beginning of the coronavirus crisis. This was the sharpest decline in car sales in many decades, even beating the 9% crash witnessed following the 2009 financial crisis. However, the rating agency forecast that sales would rebound in 2021.