Editor’s note: David Alton Clark is the No. 1-ranked financial blogger based on pick returns, according to TipRanks.com
The auto industry has been on fire throughout 2015. Auto sales are on track for the best year since 2000. In November, total industry sales hit roughly 1.33 million vehicles. This translates into a total seasonally adjusted annual rate of roughly 18 million vehicles. This is the fifth-straight month the industry ran above 18 million.
Although the major auto stocks have gone virtually nowhere, one undervalued name could be ready to race to the top.