auto

4 Top Auto Stocks to Buy for the Long Haul

By ev3v4hn 1 month ago

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

Many

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Here is why last 2 years have been a rollercoaster for auto sector

By ev3v4hn 2 months ago



a motorcycle parked on the side of a building: Here is why last 2 years have been a rollercoaster for auto sector


© Saurav Mukherjee
Here is why last 2 years have been a rollercoaster for auto sector

The last two years have been a roller coaster for the automotive sector that faced not one but multiple hurdles during the period and an unfortunate turn of events that further impeded recovery.

Fastest BS6 transition

India implemented BS6 norms from April 1, 2020, just three years after bringing in BS4 emission standards to reduce pollution. This made India the fastest country to successfully adopt and implement BS6 norms.

The automotive industry went through its own struggles to achieve this speedy transition, which included more use of precious metals like platinum group metals (PGM), higher electronic content and new technology to cut the tailpipe emissions.

This entailed a price hike of as high as 20 percent for two-wheelers and 3-4 percent for passenger vehicles—reasonably significant inflation that affected demand in the short term.

Also

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Chip shortage expected to cost auto industry $210 billion in 2021

By ev3v4hn 3 months ago

Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing.

Ford

With no end in sight this year, the ongoing semiconductor chip shortage is now expected to cost the global automotive industry an estimated $210 billion in revenue in 2021, according to consulting firm AlixPartners.

The forecast is almost double it previous projection of $110 billion in May. The New York-based firm first released an initial forecast of $60.6 billion in late January when the parts problem started causing automakers to cut production at plants.

“Of course, everyone had hoped that the chip crisis would have abated more by now, but unfortunate events such as the COVID-19 lockdowns in Malaysia and continued problems elsewhere have exacerbated things,” Mark Wakefield, global co-leader of the automotive and industrial practice at AlixPartners,

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6abc’s Auto Experience navigates the industry’s trending topics

By ev3v4hn 4 months ago
PHILADELPHIA (WPVI) — Take a ride with the experts in the auto industry during 6abc’s Auto Experience, airing August 26 at 7 pm on 6abc (rebroadcast on August 28; also streaming on the 6abc app).

Karen Rogers and Ducis Rodgers are joined by automotive experts Maria Pacifico and Kevin Mazzucola to navigate the biggest issues impacting the automotive world today.

Experts from Motor Trend, Kelley Blue Book and Edmunds provide insights on the industry’s trending topics, from Covid cars to electric vehicles and how one tiny piece of technology is changing everything for automakers and shoppers.

Automakers persevere through pandemic
The global pandemic has created major challenges for the automotive industry.

Shutdowns have affected manufacturing, forcing some dealerships to close and others to adjust to a new way of selling vehicles.

But nothing has been quite as impactful as the microchip shortage that has halted production on millions of vehicles

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