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Polar Vortex: 3 Winners, 3 Losers

The polar vortex will cost the economy $5 billion, but not all stocks and industries will lose out

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Polar Vortex Loser: Automakers

polar-vortex-f-gmNo matter how much that car salesman encourages you, you really shouldn’t go for a test drive in a blizzard. Frozen roads, blowing snow and bitter cold put a dent in sales of new cars.

Fortunately — although it will hurt January sales — the damage done by the polar vortex should be nothing more than a blip for carmakers like Ford (F) and General Motors (GM).

New vehicle sales have been recovering for a couple years now, and the 2014 forecast is for new car sales to hit 16.4 million — the highest level since 2006. The polar vortex will take a bit away from this month’s figures, but they will be made up soon enough.

Article printed from InvestorPlace Media,

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