Will increased migration boost car sales and auto stocks?
The surprising jump in house prices – surprising because it comes amid rising interest rates – has been put down to a lack of supply and accelerating immigration. By the same token, immigration should also lead to a boost in car sales. Could this have a positive effect on the fortunes of companies like AP Eagers (ASX:APE), Carsales (ASX:CAR) and Autosports Group (ASX:ASG)?
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