With banks and bonds paying so little interest, people are looking to invest their money elsewhere. One place you may be looking to invest your money is in car stocks. There will always be a need for cars and most of the major car manufacturers have been around for awhile, so there is little risk they will go bankrupt and you will lose your money. However, the issue with car stocks is that they are typically high to buy into and don’t gain money as quickly as other types of stocks. But this does not mean they are not worth investing into. You simply have to know which ones are best to invest in and select wisely. If you are looking to invest in car stocks this year, here are a few of the companies that are expected to be great picks.
Odds are, you have not heard of Thor Industries. But this does not mean you should shy away from investing in them. Thor industries is one of the top manufacturing companies for recreational vehicles and motor coaches. They own companies such as Airstream, Bison, CrossRoads, Dutchman, Heartland, JayCo, Keystone, and many others. Recreational vehicles are expected to be in high demand this year. The economy is improving so people are buying these up. And more people than ever are selling off their homes and using their RVs as homes while traveling. Now is a great time to invest in Thor Industries if you are looking to invest anywhere in the automotive industry.
Many people shy away from investing in General Motors due to the fact that they filed for bankruptcy in 2009. However, since then, the company has come back strong. They have emerged from bankruptcy and shown themselves to be profitable. They have introduced a new line of cars that are selling well, changed the bosses in their company and are at the forefront in new vehicle technology. They have emerged as a front runner with electric cars and self-driving car systems, which means that they should remain profitable for years to come, making them a wise investment choice. If you are looking for an auto stock that will remain profitable for a long time, this is a great choice.
Another company that was on the brink of death when the economy collapsed was Ford. However, unlike General Motors, Ford has not recovered so quickly. But this does not mean that you should not invest in them. Ford actually has high profits and low debts at this time. And while they are not as focused on the future with their cars, their SUVs are still hot sellers. However, what makes them a great pick for those who are looking to invest in car stocks in 2016 is the fact that their stock is currently low. They have been in business a long time, so it is a relatively safe stock to buy into and odds are, the stock will increase in the future, making it a great investment choice, especially for those who are looking to invest for only a short period of time while still making a profit.
Deciding where to invest your money can be challenging. One place that will guaranteed you a return on your investment is signing up for a NY defensive driving course. You will receive 10% off of your car insurance for three years. You don’t want to invest your money in the wrong auto company and overpay. And at the same time, you don’t want to look back and see the stock increased, and wished you had invested. Thor Industries, General Motors and Ford are all expected to be great choices for those who are looking to invest in automotive stocks in 2016.