2 Domestic Auto Stocks to Buy Amid EV Incentive Expiry, Industry Woes
The Zacks Domestic Auto industry is navigating a period of shifting demand drivers shaped by policies, financing costs and pricing pressure. Electric vehicle (EV) sales are strong now as buyers rush to claim tax credits before they expire at the end of September—but demand could fall sharply once incentives vanish. Fed rate cuts offer some optimism, yet auto loan relief will likely be slow, keeping financing costly in the near term. Meanwhile, strong new-vehicle sales are colliding with tighter inventories ...