Skip to main content

Summary: Auto sales continue to suffer from COVID-19, but sales declines are expected to have eased a bit more in June, setting up the early stages of an auto sector recovery. However, adversity still remains, particularly in commercial sales, as vehicle fleet operators may see a slower pickup in demand than the retail market. EVs remain a segment to be watched as the IEA predicts they may not lose any ground at all versus the prior year.

Related ETF: First Trust NASDAQ Global Auto Index Fund (CARZ)

To read this Market Insight, you’ll need to  sign in

If you don’t have a subscription,  sign up or start a free trial .