The near-term prospects of the Zacks Domestic Auto industry will be shaped by various factors. Vehicle sales are expected to grow this year, albeit at a slower rate compared to 2023 amid inflationary pressure, high borrowing costs and economic uncertainty. While increased labor expenses stemming from the recent UAW agreement will play a deterrent, the effects of it would be largely offset by declining input costs. Normalization of supply chains has boosted inventory levels but margins are under pressure due ...