Which Luxury Auto Stock is a Better Buy? By StockNews

© Reuters. Ferrari vs. Porsche: Which Luxury Auto Stock is a Better Buy?

The luxury automobile industry is poised to grow in the coming years, driven by investment in technical modifications and increased consumer interest. Both Ferrari (NYSE:) and Porsche (POAHY) are well-established players in the luxury auto market and should benefit from the increased demand. But which of these stocks is a better buy now? Keep reading to find out.Ferrari N.V. (RACE) in Maranello, Italy, is a well-known brand in the automobile industry that designs , engineers, and sells luxury performance sports cars. The company offers sports, GT, special series cars; limited edition hypercars; one-off and track cars; and Icona cars. Porsche Automobil Holding SE (POAHY) in Stuttgart, Germany, is another well-known name operating through two segments, PSE and Intelligent Transport Systems.

Rising disposable income has led to increased demand for luxury cars over the past decade. As countries emerge from the pandemic-driven recession, the demand for luxury cars should rebound quickly. The global luxury cars market is projected to reach $655 billion by the end of 2027, exhibiting a 9.3% CAGR.

Large-scale luxury car manufacturers’ heavy investments in enhancing comfort and quality should drive the industry’s growth. Both RACE and POAHY are major players in the industry with significant market share.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Be the first to comment

Leave a Reply