Insights: Bullish Auto Stocks
Trump's tweets on the auto industry have created uncertainty in the autos. However, we need to point out the short- to intermediate-term technical changes that have been taking place lately and recommend patience. No matter how President Trump gets there, his talk and candor is centered around improving growth prospects the for U.S. economy, jobs, corporations, and the middle class. Many of the changes he is talking about could have a dramatic effect, as the market has done a great job of pointing out to us.The Major Auto Manufacturers chart exemplifies the complacency in the last couple of years toward the Group. We are now seeing important technical stabilizations and turnarounds, which occurred near major support. Moreover, the Auto Dealers Group is showing significant stabilization and reversals as well. Despite all the circulating rhetoric, no matter what happens these Groups reflect improving economic prospects and can be owned again.
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America's Car-Mart is an automotive retailer focused on the Integrated Auto Sales and Finance segment of the used car market. The company's operations are principally conducted through its two operating subsidiaries, America's Car Mart, Inc. and Colonial Auto Finance, Inc. The company primarily sells older model used vehicles and provides financing for substantially all of its customers. The company purchases vehicles primarily from wholesalers, new car dealers, individuals and auctions. The company provides financing to substantially all of its customers who purchase a vehicle at one of its dealerships. A majority of the company's customers make their payments in person at the dealership where they purchased their vehicle.
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