Auto stocks in doldrums despite strong car sales

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US auto stocks are out of favour despite what might be expected to be a beneficial macro-economic pi...

US auto stocks are out of favour despite what might be expected to be a beneficial macro-economic picture of strong car sales and continuing consumer confidence. Auto stocks are tending to be underweighted or ignored by US fund managers in the belief that the flow of news in the sector is not going to get any better despite strong sales figures of around 18 million vehicles this year. There are also concerns that US car firms are being put under pricing and margin pressure by consumers shopping around on the internet for the best auto deals. This is being reflected in the share price perf...

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