The combination of low interest rates on auto loans, the age of autos on the road at an all-time high, and a decent job market have led to the auto manufacturers sitting near multi-year highs.
This afternoon more good news for the industry hit the wires when the sales numbers for US auto sales were released. General Motors (GM) said its sales rose 15%, its strongest month since September 2008. Ford Motor (F) and the Chrysler Group each posted 12% increases last month, fueled by a mix of small and midsize cars and trucks.
The auto stocks are a perfect example of how we come up with investable, money-making ideas for our members of MarkETForce. All the factors I mentioned about the industry coupled with bullish charts lead to the conclusion that the auto stocks should outperform the overall market.
We have already recommended an ETF to play this multi-year trend in the revival of the auto industry. IF you are not yet a member of MarkETForce I suggest you sign-up today and begin to take advantage of our ETF to play the autos as well as many others. Click here for more information.