With tariff headwinds building and EV credits rolling off, U.S. Franchise Auto Dealerships maintain solid momentum on disciplined OEM pricing and balanced inventories; investors often gravitate to Lithia & Driveway LAD and AutoNation AN.Rajat Gupta of JPMorgan issued a fresh research note on U.S. franchise auto dealers, arguing the group’s fundamentals remain resilient in the near term, with demand across the board ‘better than feared’.This is even as policy and macro headwinds build into late 2025 and 2026 ...