6 Pivotal Sector Rotations During the Oil Crisis that Redefined Modern Investing

2. The Decline of the Automotive Sector

The oil crisis hit the automotive sector hard. With fuel prices soaring, demand for gas-guzzling vehicles plummeted, leading to a significant drop in investments in this sector. This led to a shift towards more fuel-efficient vehicles, pushing investments towards companies that were pioneering in this area. This was the beginning of the shift towards green and sustainable technologies in the automotive sector.