3 Top Auto Stocks to Buy for the Long Haul
The auto industry's critical parts shortage due to supply chain constraints is a relatively temporary situation. Eventually it will straighten out and parts and computer chips will flow smoothly again. It's going to hurt sales now, of course, but over the long haul automakers will prosper because of unrelenting demand for cars.
Whether electric, powered by fossil fuels, hydrogen fuel cells, or some other alternative fuel source, cars are attractive to American consumers, and that means the sharp drop in automaker stocks this year should put them on every investor's radar.
You might not catch the bottom buying shares now, but over the years to come your portfolio won't even notice. Here are three of the best auto stocks to buy for the long haul.
Source Fool.com
