3 Top Auto Stocks to Buy for the Long Haul
Global passenger car production hasn't grown year over year since 2017, and the semiconductor shortage ensured that light global vehicle production (LVP) will only increase by around 1.2% in 2021. With the industry set for a multi-year recovery beginning in 2022, it's time to look at auto parts manufacturers Autoliv (NYSE: ALV) and Magna International (NYSE: MGA), and automotive coatings company Axalta Coating Systems (NYSE: AXTA).