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Hitch a Ride in These 2 Accelerating Auto Parts Stocks -Breaking

by Mike Robinson

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© Reuters. Take a ride in these 2 Accelerating Stocks of Auto Parts

Technology advancements in the fabrication of auto parts and current consumer preference to fix or buy pre-owned cars is driving the industry’s growth. We believe it would be prudent to place your bets on solid auto parts stocks LKQ Corporation (NASDAQ) and The Goodyear Tires (GT). Continue reading. The auto parts market is experiencing a surge in demand. This is due to a preference among consumers to repair or buy used vehicles rather than spend on new cars. Technological advancements in automotive parts fabrication and strengthening digital sales outlets are driving the industry’s growth. With a 2.99% annual growth rate, the auto parts market will reach $299.98 million by 2025.

Many high-quality parts can be replaced by automotive components that are more durable, efficient, and better for vehicle acceleration. Auto parts companies are seeing increased sales due to the rising popularity of DIY parts and products.

Therefore, we think it could be wise to bet on fundamentally sound auto parts stocks LKQ Corporation (LKQ) and The Goodyear Tire & Rubber Company (GT).

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