Furthermore, dealers were getting higher prices for their cars in June. According to TrueCar.com, the average price tag was at $30,508.00, up 2.9% from one year ago. [Best ETFs for Sectors in 2012]
The ETF, VROM, has been in the red, or flat, most of the year. The latest surge in auto sales could signal a turnaround for this sector of the market. About 70% of the portfolio tracks cars and light truck sales, with Toyota the largest holding.
Global X Auto ETF
Tisha Guerrero contributed to this article.