More Expensive Cars Will Boost Struggling Auto Parts Stocks With consumers concerned about the increasing cost of new cars, this could provide an immediate boost to auto-parts stocks like Genuine Parts Company (GPC), Advance Auto Parts (AAP), O'Reilly Automotive (ORLY), and AutoZone (AZO). The average cost of buying a new vehicle right now stands around $48,000, which is right around 2022's all-time high. Tariffs promise to take this cost even higher - which could lead to consumers fixing their current vehicles instead of buying new. With the average vehicle in the US now more than 12-years-old, this means repairs start becoming more frequent - which is a strong tailwind for all auto-parts retailers. YOUR ACTION PLAN Inside the War Room, I just entered a new trade on one of the auto part retailers listed above. To get a sense of what it's like to be inside The War Room, then we invite you to attend our urgent TARIFF EMERGENCY LIVE BRIEFING this Wednesday. We'll give you five (5) "EXTREME BUY" Stocks at Levels You May Never See Again. Sign Up Below & JOIN US WEDNESDAY, MARCH 26 AT 2 P.M. ET - FOR FREE! Sign up here. |
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