Top Car Stocks for Q2 2023

Top car stocks for the second quarter include Ferrari NV (RACE), Stellantis NV (STLA), and Mercedes-Benz Group AG (MBGYY). The share prices of all three have risen by more than 10% in the past year.

Car stocks, as represented by the S&P 1500 Automobiles Industry Index benchmark, have fallen 40% in the past 12 months compared with a 2% gain for the Russell 1000.

Here are the top three car stocks with the best value, the fastest growth, and the best performance. All numbers below are as of May 3.

These are the car stocks that had the highest total return or least decline over the last 12 months.

History of government bailouts: While there are no guarantees of the government stepping in to save industries amid an economic downturn, the auto sector has a history of federal bailouts. For example, GM and Chrysler—now part of Stellantis—received $85 billion in financial assistance from the government during the global financial crisis to avoid closing. Thirty years earlier, the government lent Chrysler $1.5 billion when the automaker faced financial failure.

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This content was originally published here.