3 Stocks to Buy as Used Car Prices Continue to Soar

Used car prices are expected to continue climbing in the near term as the global semiconductor chip shortage persists and demand for private vehicles rises amid the resurgence of COVID-19 cases. So, we think it could be wise to bet now on quality used car retail stocks AutoNation (AN), Group 1 Automotive (GPI), and Sonic Automotive (SAH). Read on. – StockNews

The demand for private vehicles is rising as the COVID-19 omicron variant cases surge. This, together with the ongoing semiconductor shortage and supply chain constraints that have been hampering the production of new vehicles, are causing used car prices to rise.

Referring to the Manheim index of used car prices, market researcher Jim Bianco said on Dec. 26, “In the last four months, they’ve gone up in price more than 20%. Not only is that more than the S&P, but over the last four months that’s more

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Top 3 Automotive Stocks For 2022

The global automotive industry is at an interesting crossroads heading into 2022. Supply chain constraints have reduced the number of new vehicles available for purchase, which has certainly had a negative impact on earnings for some of the major players in the industry. With that said, some analysts believe that the semiconductor shortage won’t get any worse going forward. If automakers are able to produce even a fraction more than the number of vehicles manufactured in 2021, we could see some big earnings coming out of the top names in the sector.

Investors should also consider the rapidly increasing demand for electric vehicles that could drive profits for many automotive companies next year and beyond. The entire industry will undergo a massive shift as this technology continues to evolve, and the fact that President Joe Biden will be investing billions to accelerate the widespread adoption of EVs should give investors

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10 Electric Car Stocks to Buy for 2022

In this article, we discuss the 10 electric car stocks to buy for 2022. If you want to skip our detailed analysis of these stocks, go directly to the 5 Electric Car Stocks to Buy for 2022.

In 2021, electric vehicle sales surged in China and Europe, with the countries reporting 1.2 million and 1.4 million bookings of EV units, respectively, despite the COVID-19 pressures, representing a change in consumer attitudes towards electrification. To meet the surging demand, many traditional automakers like General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) have also invested heavily to deliver new electrified models, from research and development to factory redesign.

By the end of 2021, EV sales worldwide are expected to reach 5 million units, which represents a 66% growth as compared to 2020, with major markets being China, Europe, and the US. By 2030, 48% of all automobile sales

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4 Top Auto Stocks to Buy for the Long Haul

Car sales will total nearly 70 million vehicles worldwide this year, adding to the roughly 1.4 billion autos on the road across the globe. The automotive industry is massive and has grown and evolved quite a bit since the late 1800s when Karl Benz began selling his first handmade cars.

Vehicle evolution has been a constant throughout the industry’s history and it is arguably experiencing more changes now than ever before. Electric vehicles (EVs) are gaining mainstream appeal, creating the first significant challenge to powertrain technology since the combustion engine effectively created the automotive industry as we know it. There are several companies working to take advantage of this shift in the industry.

Let’s take a look at four automotive stocks that are poised to succeed over the long haul because their companies are adapting to the changing times.

Worker inspecting a vehicle in a manufacturing plant.

Image source: Getty Images.

1. Tesla: The electric vehicle pioneer


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