If you’re looking for a great way to invest your money, buying some shares of the best auto stocks for this year could be the right thing for you to do.
The automotive world is changing rapidly which brings new names to the market. That doesn’t mean some of the legacy automakers are gone, they are still as vibrant and competitive as ever. When you want a great way to make your money grow, you’ll want to check out these ten companies and see if you want to invest with them.
General Motors is a Legacy Name
One of the oldest and most successful automakers in history is General Motors. The New York Stock Exchanges trades General Motors under the GM ticker name. When you begin to research GM, you’ll find they are on the brink of market changes, lead the way with new technology and innovation, and offer some of the most compelling products in the auto industry. GM has been around for more than 100 years and it’s a safe bet they will survive for 100 more.
Tesla Stock Could be Expensive, but Worth it
The average price per share of Tesla stock has been relatively high compared to some of the other automakers in the market. If you want to get in and enjoy the benefits of one of the best auto stocks, now is the time to do so. The high price per share could mean that Tesla is on the brink of a stock split, which could double the number of shares you own. You know the Tesla name for the EVs, amazing technology, and boisterous leadership which makes for an interesting company for you to invest your money.
Ford Continues to be One of the Most-Trusted Companies
The Ford Motor Company, traded under the ticker name F, is one of the greatest legacy automakers in the market. Ford leads the way into electrification with an SUV version of the Mustang called the Mustang Mach-E and an electric F-150 bearing the Lightning name. For most of the year, Ford stock prices have been affordable, making this a company you can invest in and have several shares that will serve you well as the prices increase.
Nio Inc. has Been Interesting for a Couple of Years
Nio has grown quickly to be a leader in the Chinese EV market. This company is looking for ways to expand its operations around the world, which could make it the next company to boom in the auto industry. You don’t want to miss the boat on one of the best auto stocks the market has to offer. The next stop for Nio is Norway, but we could see Nio cars on US streets in the near future.
Join the Legacy of the Honda Motor Company
Honda is easily one of the most well-known and successful automakers in the world. Honda has had a presence in the United States for several decades and continues to bring an excellent lineup of vehicles to our shores. Even though Honda doesn’t have an EV in the market right now, they have committed to moving toward zero-emissions vehicles with two-thirds of sales coming from electrified models by 2030.
Another Big Name is Toyota Motor Corporation
If you’re looking for a safe bet for your money, one of the best auto stocks for you has to be the ticker labeled TM. This TM stands for the Toyota Motor Corporation and they have been a longstanding success in the world. Known for reliable vehicles, Toyota is a steady performer and a safe place to park your money. You might not see the significant jumps of some of the newer automakers, but you should see steady long-term growth with Toyota.
Investing in Ferrari Could Get Really Interesting
Ferrari is one of the last automakers to embrace the success of SUVs and its likely they will also be one of the last to move toward EVs. That’s ok, investing in Ferrari right now could pay off big when the new SUV, called Purosangue heads to the market. This new SUV is expected to be a pure Ferrari with a massive V12 engine. Could that give this vehicle the edge over some of the high-level luxury SUVs from other exotic automakers? We’ll see.
Should You Look at XPeng Inc. with Your Investment?
If you want to be part of the company that has put the first mass-produced autonomous vehicle on its radar, XPeng is the company for you. This company is a Chinese EV automaker and the stock price has steadily grown all year long. This could be the best of the auto stocks for you. Of course, if you’re a little unsure of the autonomous vehicle aspect of this company, you might want to diversify and spread your money out a little bit.
Volkswagen Is Back Among the Best
For a few years it looked like there wasn’t hope of recovery or regained trust in the Volkswagen name. Thankfully, many consumers keep short memories when it comes to automakers and will remember that VW has been a longstanding quality automaker for several decades. If you’re looking for a company with serious growth potential, look at what VW has for you. This company is only beginning its pathway to the EV world, with goals of being a leader in this market for many years.
Stellantis is a Name You Didn’t Realize You Knew
If you haven’t heard of Stellantis, that’s just fine. This is the company that purchased FCA and has the Dodge, Ram, Chrysler, and Jeep names under its wing. There are a few other names including Alfa Romeo that are part of the Stellantis family, but you get the idea. This company is on the rise after finally being out from under the thumb of debt that created serious troubles for these brands. If you’re looking for brands you know that are working toward the future in the automotive world, then Stellantis could be the best auto stock for you to buy.
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