Unlike their high-flying tech counterparts, the auto industry has sputtered in recent months. Between high interest rates and supply chain disruptions, car manufacturers haven't been able to keep pace with the breakneck speed of innovation seen in other sectors. However, the future looks bright for automobiles. Pent-up demand from pandemic restrictions and a growing global middle class point to a significant rise in car ownership. Additionally, the electric vehicle (EV) revolution is gaining momentum, creating exciting new opportunities within the traditional auto landscape. Today, we'll delve into three automobile stocks that are well-positioned to capitalize on these trends and potentially outperform the broader market.
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