Sale of cars won't go up during inflation

I like the short setup now, because if there is a breakout, it will be magnificent.

I picked GM mainly due to fundamental reasons. If price of oil is too high, people won't get a car when they can't afford a fuel. In the long-term, GM will lose market share to prominent electrict vehicles manufacturers. This switch to electrict cars is another good reason. I expect people to buy used cars if they go for petrol based ones.