Although a shortage of semiconductor chips is creating a serious problem for the automotive manufacturing industry, sales are rising as the public health crisis subsides. So, we think Investors that are looking to benefit from the industry’s solid growth prospects could invest in Daimler (OTC), Suzuki Motor (SZKMY) and Isuzu Motorss (ISUZY). This stock has a strong combination of fundamental characteristics. Continue reading.
The COVID-19 pandemic ravaged the automotive industry in the same way as other industries during the first half 2020. However, there has been a worldwide surge in automaker production since that third quarter. Since public health regulations were relaxed in all areas, more people are flocking to the dealerships.

A global shortage of semiconductor chip has led to consumer vehicle prices rising due to increasing demand. The chip shortage is slowly being resolved, and the auto industry will continue to prosper. Over $700 billion has been committed by chipmakers for the expansion of production capabilities over the next ten years. Between 2021-2028, the industry’s expected growth is 4.5%.

We believe that auto manufacturing stocks such as Daimler AG, Suzuki Motor Corporation, and Isuzu Motors Limited could prove to be solid investments due to their strong fundamentals and potential growth. These stocks are rated ‘Strong Buy’ in our proprietary rating system.

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