Although the auto industry faced a slump in sales in 2022, demand for new vehicles is expected to reach pre-pandemic levels this year. Moreover, the growing demand for new technologies in the auto industry is leading to increased demand for auto parts. Amid this backdrop, it could be wise for investors to buy fundamentally strong auto parts stocks Bridgestone (BRDCY), JTEKT (JTEKY), Modine Manufacturing (MOD), and Ituran Location and Control (ITRN). These stocks are currently trading under $25. Keep reading...