Why the 'Big Money' Still Believes in Auto Stocks

U.S. auto sales were up big in 2014 and are expected to stay strong in 2015: Oil prices have collapsed and are expected to stay low, fueling demand for pickup trucks, SUVs and RVs... The average age of the U.S. auto fleet is at a record high 11.4 years while the average age of a full-size pickup truck is an even older 12.5 years according to industry analysts Polk.... Auto financing is readily available... Indeed, all the signs of a boom time for the American auto industry appear aligned, yet auto stocks are trading at depressed values compared to the rest of the stock market. The post Why the 'Big Money' Still Believes in Auto Stocks appeared first on Money Morning - Only the News You Can Profit From .
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