Copart is one of the largest online automobile and auto parts auction sites worldwide, regularly listing 350,000 vehicles a day and numerous auto parts.
. High financing costs and an uncertain macroeconomic climate have caused consumers to tighten their spending, especially on big-ticket items like cars. However, not every part of the automobile industry is in a slump. The auto aftermarket of used cars and car parts is still thriving, and some companies are capitalizing on the action. Here are two stocks that are thriving in the auto aftermarket.
Incidentally, the decline in used vehicle values has driven total loss frequency back up, resulting in more junked cars being auctioned off. Total loss frequency has normalized back to pre-pandemic levels.
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