3 Auto Stocks to Buy for Surging Growth in 2015

The majority of U.S. equities have outperformed auto stocks during this most recent bull market. However, economic conditions are picking up for this industry. 2015 looks to book solid growth in both domestic and foreign car sales which will lead the charge in gains for these three stocks Bret Jensen loves to own.
Global auto production and sales in 2014 has been a mixed bag. Domestic sales racked up another good year and are close to being back to the robust levels before the financial crisis. This strength should continue in 2015 with the average age of a U.S. vehicle being over a decade, low financing rates, and the best spurt of job growth in a decade.
Europe continues to struggle with new car registrations near two decade lows. In addition, sanctions on Russia have cratered sales from Europe to Russia. However, auto registrations in the Eurozone have started to creep up in recent months.
South America is suffering through slowing growth and plunging currencies have negatively impacted American operations there. Finally, Chinese auto sales continued to grow at a solid clip. This is a critical market and likely to be the largest auto market for decades to come. Importantly, U.S. automakers are gaining share mostly against the Japanese makers in the Middle Kingdom. Ford (NYSE: F) has doubled its market share over the past two years. (more)

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