Furthermore, despite the Volkswagen imbroglio, the German car maker still managed a 0.6% sales gain, wheres analysts expected a 6.7% decline for the brand, and combined with its Audi luxury line, Volkswagen AG sales rose 6.3%. [Bug In The Ointment: VW’s Deception Stalls Car ETF]
CARZ holds large tilts to these automakers, including 8.5% GM, 8.2% Toyota, 8.2% Ford, 7.9% Honda, 7.6% Daimler, 4.2% Nissan and 2.4% Volkswagen.
First Trust NASDAQ Global Auto Index Fund
For more information on the auto industry, visit our automobiles category.
Max Chen contributed to this article.