CARZ includes a 2.2% tilt toward Volkswagen AG and a 16.4% weight toward German car companies.
The annualized selling rate was 18.2 million vehicles, the same as September and the first time that the pace exceeded 18 million in back-to-back months since February 2000, according to Autodata Corp. The October numbers also exceeded analysts’ average estimates of 17.7 million.
First Trust NASDAQ Global Auto Index Fund
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Max Chen contributed to this article.