Meanwhile, the German DAX Index was the worst performer among western-European markets, declining 3.8% to its lowest since January.

The iShares MSCI Germany ETF (NYSEArca: EWG), which tracks the MSCI Germany Index, fell 4.1% Tuesday. EWG has large tilt toward automakers, including 2.2% Volkswagen, 7.1% Daimler and 2.9% BMW.

First Trust NASDAQ Global Auto Index Fund

For more information on the auto industry, visit our automobiles category.

Max Chen contributed to this article.