3 Auto Equipment Stocks to Watch on Encouraging Industry Outlook
Allison(ALSN) ZACKS·2024-09-27 22:26
The outlook for the Zacks Automotive - Original Equipment industry appears optimistic, driven by anticipated vehicle sales growth in the final quarter of 2024. The recent rate cut by the Federal Reserve are expected to lower vehicle financing costs, which bodes well for auto equipment suppliers. Adapting to the shift toward electric and self-driving cars requires industry players to invest in research and development. The rise of new technologies and increased demand for electrified and autonomous vehicles ...