This Dirty Little Secret Could Mean Major Upside for These 2 Auto Stocks
Not all sales are equal, and that phrase is especially true for what was once the unacknowledged side of the automotive industry: Fleet sales.
Once upon a time, Detroit automakers such as Ford Motor Company (NYSE: F) and General Motors (NYSE: GM) filled excess production capacity with fleet sales, which were low-margin bulk sales to companies such as Hertz (NASDAQ: HTZ), among other large buyers.
Investors viewed it as a painful process and a necessary evil in decades past. However, over the past few years, fleet business has come into its own. And now, with electric vehicles (EVs) in the mix, fleet sales are starting to provide intriguing upside.
Source Fool.com
