The prospects of the automotive market appear robust with the ever-growing consumer demand for new vehicles, especially high-end passenger cars, amid rising urbanization and increasing disposable incomes. The industry’s expansion is further boosted by the growing popularity of electric vehicles (EVs) globally and technological advancements.
Given the industry’s bright prospects, fundamentally sound auto stocks Oshkosh Corporation (OSK), AB Volvo (publ) (VLVLY), and REV Group, Inc. (REVG) could be ideal buys for solid returns this year.
