Automotive

The automotive industry is comprises a large amount of both the U.S. and Chinese GDP, and receives a lot of attention from investors because of its ability to drive economic progress. The automotive sector is comprised of new and used car dealers, automotive repair, industrial design services, and sales financing. With the global shift to electric cars, new opportunities for investment growth are appearing. Innovations in automobile technology, such as increasingly sophisticated self-driving systems create further room for future growth. Globally, countries like Brazil, Russia, India, Iran, Indonesia and China are becoming lucrative emerging markets for the automobile industry. With automobiles functioning as both a transportation necessity for the average person and a luxury asset for the wealthy, investments in the automotive sector is a staple in any well diversified portfolio.