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News
Shauna O'Brien Mar 03, 2015
On Tuesday morning, auto sales for February were released. Here’s what they mean for mutual fund investors.
Ford
Ford (F) reported a 1.9% decline in auto sales. Car sales fell 8.1%, while truck sales increased 4%.
General Motors
General Motors (GM) posted an increase of 4.2% in auto sales. Sales of trucks and SUVs increased 36%.
Other Sales Reports
Chrysler reported a 6% increase in sales, but missed expectations of a 8.2% increase.
Nissan reported an increased of 2.7%, coming in well below estimates of a 7.2% increase.
General Motors was the winner for February auto sales, while Ford saw sluggish sales. The harsh winter sales negatively impacted sales for most auto companies, but sales were offset by low gas prices and lower credit requirements.
Investors interested in GM and Ford may be interested in the funds listed below. These funds currently have the largest stakes in the companies.
Ford
| Symbol | Mutual Fund | Stake |
|---|---|---|
| {% mutualfund VTSMX %} | Vanguard Total Stock Market Index | 1.62% |
| {% mutualfund VWELX %} | Vanguard Wellington | 1.14% |
| {% mutualfund VFINX %} | Vanguard 500 Index | 1.06% |
General Motors
| Symbol | Mutual Fund | Stake |
|---|---|---|
| {% mutualfund FKINX %} | Franklin Income | 1.75% |
| {% mutualfund VTSMX %} | Vanguard Total Stock Mkt Idx | 1.38% |
| OAKBX | Oakmark Equity & Income | 1.22% |
The funds above offer investors a stake in General Motors and Ford, while remaining diversified.
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