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An ETF To Play On Strong Auto Sales Data

Benzinga.com
0 Comments| June 4, 2014

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Automobile manufacturers just released their May sales results, and initial readings show strong demand for domestic vehicles.

Chrysler Group reported a 17 percent jump in May, General Motors (NYSE: GM) posted growth of 13 percent in total sales, and even Ford (NYSE: F) managed to eke out a three percent gain from a year ago.

Many of these sales totals represent the auto industry’s best month in years, as fuel efficient models and an attractive interest rate environment fuel consumer spending habits.

While there are certainly many investment opportunities with individual publicly traded auto manufacturers, picking the ...

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