Auto ETF Shifts Up on Strong Consumer Car Demand

Large auto producers experienced double-digit sales gains in July, revving up a car industry-related exchange traded fund. The First Trust NASDAQ Global Auto Index Fund (NYSEArca: CARZ) rose 2.7% Thursday. CARZ has gained 25.6% year-to-date. Toyota (NYSE: TM) lead July sales with almost a 16.5%...