Drive Your Portfolio Forward with These 4 Auto Parts Stocks BRDCY – Because the production of new vehicles continues to be impacted by a global semiconductor chip shortage, the demand for auto parts and related services is increasing as people extend the lives of their old cars or buy used cars. As such, we think it is wise to bet on fundamentally sound auto parts companies Bridgestone (BRDCY), LKQ (LKQ), Gates Industrial (GTES), and Standard Motor (SMP). Let’s discuss. Jun 9, 2021 The automotive sector suffered a major setback amid the COVID-19 pandemic as the global production of vehicles plunged. In fact, new car production enabled with the latest technologies continues to be impacted by the global semiconductor chip shortage. This has led to an increase in demand for auto parts because consumers are extending the use of their old cars or buying used cars, in lieu of purchasing brand new vehicles.