3 Auto Stocks That Should Thrive Despite Peaking Vehicle Sales
After years of steady, healthy, and even exciting growth, the U.S. light-vehicle market is stalling due to worries about tariff wars, rising new-vehicle prices, more compelling used-vehicle options, and less certainty with interest rates and economic growth. That makes owning shares of car dealership groups, auto parts suppliers, and major automakers such as Ford and General Motors less appealing. But that doesn't mean there aren't great auto investments out there. Here are three compelling stocks poised for success despite a slowing light-vehicle market.
There's little doubt that the future of transportation will revolve around driverless vehicles. That may be far down the road, but it's not too early to own shares of companies poised to thrive during this evolution. There is a list of companies betting on autonomous vehicles, but none seem as safe as Aptiv (NYSE: APTV).
Many investors are forced to invest in a company that must come out on top to turn into a great investment, such as General Motors and its GM Cruise brand, or Alphabet and its self-driving vehicle company Waymo, to name a couple. But Aptiv doesn't have to bet only on itself; it's developing technology that a slew of companies can use to improve their own driverless vehicles. It doesn't matter which company comes out on top; Aptiv can sell its products to whichever long-term winner emerges.
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