Skip to Content
Market Update

The Other Auto Story

There’s more to the auto industry than Tesla.

Mentioned: , , , , ,

Everyone talks about Tesla (TSLA), and for good reason: Its stock is up 48% year to date as of this writing, and it sold 25,000 cars in the first quarter, a quarterly record for the company. But while Elon Musk's car company may seem to be the stock of choice for auto stock-buyers these days, it's not the only auto story investors should be paying attention to.

For the last several years, the members of the traditional auto sector-- Ford (F),  General Motors (GM),  Fiat Chrysler (FCAU) and the like--have been padding investor portfolios. Since 2009, when U.S. auto sales hit a near all-time low of about 10 million vehicles sold, the S&P 500 Automobiles index has risen 77%. In 2016, sales hit a record of 17.5 million vehicles sold, according to Morningstar's latest Automotive Observer report.

To view this article, become a Morningstar Basic member.

Register for Free

Bryan Borzykowski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.