JP Morgan – What’s next for the auto industry?
“2023 should mark a strong earnings year for the industry, with less volatile raw material costs and a more stable supply chain,” writes Jose Asumendi, Head of European Automotive Research for JP Morgan. “Raw material headwinds will slow, eventually providing a tailwind sometime in the second half of 2023. Overall, we predict a strong year for the autos sector, with global car production up 3% year-over-year.”
