With not only the current market situation on new/nearly new car prices but the PUSH to cut fossil fuels and people into expensive EV's, I think your going to see many many many vehicles staying alive longer like 250-350k miles and 20 plus years old as long as they can be repaired and do not have cancer. With that in mind I have to believe the Automotive Aftermarket Parts manufacturers and suppliers will see significant growth and profits. To all forum members out there, you think these could be good investments longer term? Rest of the stock market potential sucks except defense industries. Thoughts????
Interesting thought but the market is so volatile who really knows.
I wonder what the government will do when a significant number of people refuse to scrap their ICE for an EV.
There's SO much competition for aftermarket parts - and it sure looks like low-labor-cost places are getting more and more of the market,and not just Chinese manufacturers, Vietnam and Thailand are taking a bigger share.
Invest in stuff where it's not so easy to compete just on price - tech, medical, housing, fintech, insurance, etc. It worked for Warren Buffet.
I wonder what the government will do when a significant number of people refuse to scrap their ICE for an EV.
At least in the U.S. if the politicians get too heavy handed and tick off enough people they can be voted out.
Even though there is all this conversation around the vehicle fleet becoming EV at a certain point but I think it's more of a political talk to say they care about the environment and well there are people out there who care about these stuff. In reality I don't see this happening and ICE cars won't fully go away and even new ICE cars will keep on being made. Right now it's those who want to buy EV cars who are buying them and the stats saying people are happy and want to go EV, but when this group has bought their EVs is when we will see the pushback from the rest of the public who don't agree with this strategy.
Can anyone foresee the "government" continuing to restrict the production of gasoline to make us switch to EVs?
Honestly, I can see them adding a "fuel" surcharge on your registrations eventually, maybe after 2030. A lot a manufactureers targeting 2030 for EV production