Wall Street Favorites: 3 Auto Stocks With Strong Buy Ratings for April 2024

With new car prices finally softening after the last five years, 2024 could see increased demand from car buyers. For consumers, the average price of a new vehicle in the United States fell 1.2% this January compared to last year. The prices of used cars are also cooling off, as the average price has dropped 3% from a year ago and 12% from its April 2022 peak.At a glance, while this trend may seem concerning for investors in the automobile market, it’s actually beneficial. As new vehicles become more access ...