The automobile industry is one of the largest in the world. Last year, global car and automobile sales generated revenue of $4.3 trillion. The industry’s growth prospects appear promising due to the rising adoption of electric vehicles, expanding public charging infrastructure, technological advancements, improving inventories, price cuts, etc.
Considering the industry’s bright prospects, quality auto stocks such as Subaru Corporation (FUJHY), Mazda Motor Corporation (MZDAY), and Isuzu Motors Limited (ISUZY) could be wise additions to your portfolio. These stocks are trading under $15 and are rated A (Strong Buy) in our POWR Ratings system.
