With constant talk about Artifical Intelligence, inflation, and the upcoming election clogging the airwaves...
Not many people realize there’s a "perfect storm" for profits unfolding in the auto industry - today.
Or that cars and trucks are actually the world’s biggest business.
Global auto manufacturing and sales are projected to top $6.4 trillion in revenue this year.
That’s bigger than the entire oil and gas exploration and production industry, at $4.3 trillion...
It’s over three times the total revenue of all wireless telecom carriers, at around $2 trillion...
And it’s four times as much as Big Pharma’s worldwide revenue of $1.6 trillion a year.
Then there’s insurance, pension funds, commercial banking, and many more...
Dollar for dollar, the car and truck business trumps them all.
And needless to say, the auto industry has rushed headlong into electric vehicle (EV) production over the last several years.
Last year, domestic EV sales topped one million units for the first time — to command a substantial 7.6% of the new-vehicle market.
Globally, electrics represented an impressive 16% of vehicle sales in 2023.
But all is not well in electric vehicle fantasy-land.
The world is suddenly shifting into reverse on EVs — and that signals big profit potential for those who make the right moves NOW.
Click here for details...
Yours for higher profits, |  | Dr. Mark Skousen
Editor, Forecasts & Strategies |
|  | | Sometimes, colleagues of InvestmentBankingRules share special offers with us that we think our readers should be made aware of. Above is one such special opportunity that we believe deserves your attention. |
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