Some of the biggest stocks to ride auto industry trends are developing the “software defined vehicle,” or SDV. In other words, within a few years, many if not most new vehicles are going to be run and managed completely through software. Many firms that sell products related to the computerized components within vehicles will benefit a great deal from this trend.
Importantly, SDVs will be as updatable as your smartphone. Of course, that development will make it far easier to repair and upgrade vehicles. As a result, exciting, new features, including will be added to vehicles. Of course, autonomy itself is another huge development in the auto sector. Here are three stocks to ride auto industry trends.
This post appeared first on InvestorPlace.