The auto industry is experiencing robust recovery and growth, overcoming the challenges posed by high inflation, supply chain challenges, and rising interest rates since last year. With improved inventories, incentives, and the increasing popularity of electric vehicles (EVs), the auto dealers and rentals industry is well-positioned for growth.
To that end, it could be wise to add fundamentally strong auto stocks Copart, Inc. (CPRT), Penske Automotive Group, Inc. (PAG), and Group 1 Automotive, Inc. (GPI).
