Since Henry Ford made the first automobile, the automotive industry has consistently revved their engines with profits and strong financials. Cars, trucks, and other vehicles are a necessity in today’s world as they provide transportation of both people and goods. Despite a prolonged downturn and subsequent government bailouts for some corporations, automakers are coming back stronger than ever.
Auto stocks have gained much traffic, between both auto titans such as Ford (NYSE:F) and Toyota (NYSE:TOY) and the rising manufacturers such as Tesla (NYSE:TSLA) and SmartCar (NASDAQ:SMT). With American consumers regaining confidence and emerging economies such as China and India demanding cars, auto stocks should kick into a higher gear in the near future.