2 Auto Retailers Worth Watching Despite Industry Challenges

The Zacks Auto Retail and Wholesale industry faces a subdued outlook due to concerns over slowing vehicle sales growth, as much of the pent-up demand was absorbed in 2023. High auto loan rates are likely to cause prospective buyers to delay purchases. Although attractive incentives provide some relief to consumers, they could impact retailers' profit margins. Additionally, slower-than-expected adoption of electric vehicles (EVs) is expected to constrain sales further. Amid these intricate industry dynamics, ...