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While auto production is still suffering from the global semiconductor chip shortage, many auto manufacturers are striving to meet the demand for efficient and advanced products amid the economic recovery and rising discretionary spending. Furthermore, government and private initiatives to address the global chip shortage bode well for the auto industry. Indeed, the U.S. car and automobile manufacturing market is expected to increase 12.3% to $82.60 billion in 2021. Consequently, both VWAGY and GM should see increasing demand for their products.
But while GM’s stock has declined 8.2% over the past month, VWAGY’s has gained 4.2%. VWAGY is a clear winner with 58% gains versus GM’s negative returns in terms of their past six month’s performance. But, which of these stocks is a better pick now? Let’s find out.
