2 Foreign Auto Stocks to Navigate the Industry's Subdued View
BYD(BYDDY) ZACKS·2024-06-19 00:10
The outlook for Zacks Automotive – Foreignindustry is currently dim, as vehicle sales growth in major markets like China, Europe and Japan is expected to slow down due to weaker demand stemming from economic pressure. China's exports are likely to be impacted by US and EU tariffs on its electric vehicles. Despite a rate cut by the European Central Bank, vehicle sales growth in Europe is anticipated to moderate. However, the industry's valuation is favorable as it is trading at a discount compared to the S&P ...