2 Domestic Auto Players to Buy Even as the Industry Struggles
The Zacks Domestic Auto industry faces a tough road ahead as tariffs on imported vehicles and key auto parts are expected to disrupt supply chains and dampen consumer demand. New-vehicle sales slowed in May. Several auto biggies have withdrawn guidance amid tariff woes. At the same time, affordability issues and rising incentives are squeezing profit margins, while inflation and tariffs are complicating pricing strategies.The electric vehicle (EV) segment is growing, though at a more measured pace amid poli ...