The U.S. auto industry has shown a robust recovery, underscoring consumers' solid demand for new vehicles. Amid this, auto dealer stocks like Group 1 Automotive, Inc. (GPI), Copart, Inc. (CPRT), and Cars.com Inc. (CARS) have gained much-deserved bullish attention.
The U.S. auto dealership industry is finally recovering from the inventory pressures that have troubled the sector. The Cox Automotive Dealer Sentiment Index for the second quarter stood at 45, up from 43 in the first quarter. Although macroeconomic concerns plague the industry, the new vehicle environment has improved.
