After enduring the challenges of supply chain disruptions, chip shortage, high inflation, high borrowing rates, and softening demand last year, the auto industry’s sales are expected to return to pre-pandemic levels with a growth of around 9%. Therefore, investing in high-growth auto stocks Hyundai Motor Company (HYMTF), Mazda Motor Corporation (MZDAY), Modine Manufacturing Company (MOD), and Hyster-Yale Materials Handling, Inc. (HY) could be wise.
Before discussing the fundamentals of these stocks, let me explain why the auto industry looks set for a comeback this year.
