Auto Stocks Largely on the Uptick

June 12, 2018

Most auto stocks are trading positively during the month of June, according to market analysis.

June 12, 2018—Most auto stocks are trading positively during the month of June, as noted in a report by marketrealist.com.

According to Autodata, U.S. light vehicle sales’ seasonally adjusted annual rate rose year-over-year to 16.9 million units in May, up from 16.8 million units. Despite relatively weak passenger car sales, the growing popularity of pickup trucks and SUVs is maintaining a fair amount of optimism in the auto industry.

During the first 8 days of June, Toyota saw its stock performance rise better than 6 percent, while Ford increased nearly 4 percent.

On the other end of the spectrum, Fiat Chrysler has experienced a rough month, dropping more than 8 percent. Fiat Chrysler held its Capital Market Day on June 1, and gave off uncertainty regarding CEO Sergio Marchionne’s successor.

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