3 Domestic Auto Stocks Showing Promise in a Slowing Industry
BLBDBlue Bird(BLBD) ZACKS·2024-10-16 23:20

The Zacks Domestic Auto industry is facing challenges, with new vehicle sales in the United States declining around 2% year over year in the third quarter. Analysts expect continued volatility due to uncertainty surrounding the upcoming U.S. presidential election and potential disruptions in fourth-quarter shipments caused by dock worker strikes. Automakers are grappling with squeezed margins amid huge incentives, given the high inventory levels. Additionally, escalating labor costs due to the UAW wage agre ...