Top auto stocks to buy and hold now

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When it comes to getting a safe, secure and long-term investment in the stock market, there are many options. But if you want to invest money from your retirement fund, or just money that you don’t want to see disappear anytime soon, you need to choose something with staying power. This article discusses some of the best auto stocks to buy now and keep for the foreseeable future. These companies all specialize in providing parts or services for cars and trucks of all makes and models. They are also companies that are not only built on a solid foundation, but can withstand virtually any economic climate.

Lucid Group (LCID)

The Lucid Group Inc (LCID) currently has a market cap of $2.1 billion. This company manufactures electric vehicles, including battery packs, motors, transmissions and other key components. Based in California, the company was founded by a couple of engineers who wanted to create something that would be a better option for gasoline-powered cars. The business model is unique in that it brings electric vehicle manufacturers, research institutions and investors together to work towards a common goal. One of the biggest reasons for LCID’s success is that it is at the forefront of the electric vehicle revolution currently underway. This is a market where growth is expected to be exponential soon.

XPeng (XPEV)

XPeng Motors Inc (XPEV) currently has a market cap of $2.9 billion. This is an electric car manufacturer currently based in Silicon Valley. The company was founded by the same people who founded the Lucid Group. XPEV has received a lot of attention in the press over the past year due to the launch of a unique car model. This is an all-electric SUV dubbed the “Tesla Slayer”.XPEV is leading the way to a future where electric cars are not only clean, but can also offer the same level of performance and functionality as regular vehicles.XPEV currently has an order backlog of over $10 billion, so the company is expected to see strong profits.

Fishermen (FSR)

The Harris Financial Group Inc (FSR) currently has a market cap of $22 billion. This financial services company specializes in providing loans and other financing options to the commercial fishery. The company was founded in New Orleans over 30 years ago and has grown steadily. It provides financing for everything from new boats to new fishing equipment. It is also working with the United States government to help fishermen affected by Hurricanes Harvey and Irma. With the worldwide demand for seafood growing and the number of fishing vessels remaining constant, it is easy to see why FSR has performed so well in recent years.

Thor Industries (THO)

Thor Industries Inc (THO) currently has a market cap of $27 billion. This is a multinational company engaged in the design, manufacture and sale of recreational vehicles and other outdoor products, such as lawn mowers. THO was founded in 1978 and is currently headquartered in Wisconsin. It is a publicly traded company that has experienced steady growth throughout its long history. It is one of the largest employers in the state, with approximately 15,000 employees. THO has multiple brands including Airstream, Keystone, Heartland and Forest River. It also owns the Can-Am and Victory motorcycle brands. THO has thrived as a company by offering a wide range of products that appeal to customers. Because of this, there is a good chance that you have owned one of their products at some point in your life.

Final Thoughts

Investing in auto stocks may not be for everyone, but there are quite a few viable options for those interested. Moreover, these companies are well established in their niches and will be around for years to come. If you’re interested in investing in the auto industry, do your research to determine which companies are the best fit for your portfolio.