Auto Parts Stocks Still Strong

December 19, 2021
December 19, 2021 Ryan

Auto Parts Stocks Still Strong

The availability of cars is low at dealerships, both new and use.  This has been the case for some time and inventories don’t appear to be improving anytime soon.  Used cars, in particular, are very expensive and forcing many to skip replacing their current ride.  Inflation, Covid, and car inventory issues all support the growth in auto parts demand.  Obviously, these stocks have all run nicely over the last year, but I don’t think this move is done.

My play is to wait for some pullbacks then look for a starter position in one of the following:

AAP, AZO, ORLY, GPC

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