The auto industry is one of the important and major industries not just in the US but also in Europe as well. The European auto industry is recovering slowly this year from the effects of the pandemic. In September, the EU passenger car market registered the first increase of the year with registrations increasing by 3.1% relative to last September according to ACEA. The chart below shows the motor vehicle production by country in 2019. Motor vehicles include passenger and commercial vehicles. In total 185. million vehicles were produced in 2019.
In the passenger car segment, Germany was the top producer followed by France and Spain.
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Source: European Automobile Manufacturers Association (ACEA)
One way to profit from growth of European auto industry is by investing in Auto Parts suppliers. I have written many articles on this topic before some of which are listed below:
- The Top 100 Global Auto Parts Suppliers: Chart
- The World’s Top 10 Automotive Aftermarket Suppliers: Infographic
- A Review of the Top Global Auto-Parts Makers
- Five Reasons To Invest In Auto Parts Stocks
- The 14 Largest European Automobiles & Parts Makers
For the complete list of auto parts stocks trading on the US markets, you may also want to check out:
