Zacks Industry Outlook Highlights Penske Automotive and Lithia Motors

The auto retail and wholesale industry faces mixed headwinds including tight inventory, elevated vehicle prices, rising borrowing costs, and EV market challenges following the expiration of federal tax credits. Despite weak industry fundamentals and a bottom-18% Zacks Industry Rank, Penske Automotive and Lithia Motors are highlighted as better-positioned retailers backed by strategic acquisitions, digital investments, and shareholder-friendly capital allocation.