The US automotive industry is home to iconic car manufacturers like Ford, General Motors, Tesla, Chrysler, GMC, and more. Moreover, the US is a mammoth exporter and importer of auto parts and automobiles.
After a bumpy 2020, the industry will be aiming for more stability in 2021. The Dow Jones U.S. Auto Manufacturers Index stands at 788.41 compared to 207.98 at the same time last year.
In this blog, we’ll tell you all about the automotive industry in the US right from what it is to how you can invest in US auto stocks from India using Cube Wealth.
Important: This blog is meant to educate readers and the information furnished here is not to be construed as investment advice from Cube Wealth. Please consult a wealth coach or financial advisor before investing in any asset.
What Qualifies As An Automobile Company In The US?
An automobile company or organization manufactures automobiles, auto parts, or both. Broadly speaking, the US auto industry can be divided into 3 distinct segments:
Automakers: Companies like Ford, Tesla, and GMC that manufacture cars, electric vehicles, trucks, and SUVs
Auto Parts Manufacturers: Companies Goodyear, Dana Inc., etc. that manufacture axle parts, tires, seatbelts, rims, etc. for automobiles
Auto Dealerships: Companies that sell cars from one or more car manufacturers (middle-men)
Important Note: All facts & figures mentioned in the tables above have been collated from publicly available sources. The companies mentioned in the tables are listed in no particular order and are a reflection of US' most popular service sector brands at the moment. Cube Wealth does not recommend purchasing stocks based on popularity alone and suggest you consult a Wealth Coach before putting your hard-earned money into any asset.
Past Performance Of US Automotive Sector
Sales Of Major Auto Manufacturers (December 2020)
Sales (December 2020)
Sales (December 2019)
Dow Jones U.S. Auto Manufacturers Index
Note: All facts & figures mentioned in the tables above have been collated from publicly available sources.
How To Invest In US Automobile Companies From India?
The Cube Wealth app offers the best US stocks investment experience in India. You can conveniently invest in US auto stocks of companies like Tesla, General Motors, Ford, etc. on Cube Wealth for as low as $1.
The paperless KYC process is super simple and Cube even helps you create a US brokerage account in association with DriveWealth, Cube's brokerage partner.
Moreover, the Cube Wealth app is easy to use and shows your portfolio in one convenient view. Cube helps you invest in US stocks in 2 ways:
Get buying and selling advice from RIA, Rick Holbrook
Invest for as little as $1
Cube's partner, Registered Investment Advisor (RIA) Rick Holbrook, has 40+ years of experience in the US markets and currently manages ~$130 million for HNIs.
Watch this video to know how US stock advice works on Cube Wealth
Shriram is a Consultant at CubeWealth. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. His love for philosophy, developing products, and empowering people through quality content is what got him to CubeWealth.
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