GM shares rose 5.6% Wednesday while F shares gained 4.5%. The consumer discretionary sector was also the best performing area of the S&P 500 on news of the strong data out of the car industry.

The First Trust NASDAQ Global Auto Index Fund includes large tilts toward these carmakers, including 8.5 Daimler, 8.0% Ford, 7.7% General Motors, 7.6% Toyota Motor and 7.5% Honda Motor.

Country weights include Japan 33.8%, U.S. 23.2%, Germany 19.9%, South Korea 8.3%, France 7.0%, China 6.2%, Hong Kong 1.1% and Taiwan 0.4%.

For more information on the consumer sector, visit our consumer discretionary category.