Why Auto Stocks Are Sinking After Car Sales’ Record Year – Wall Street Journal
The past year set a record for sales of cars, but investors are signaling doubts about the companies that make them.
Shares of auto makers such as General Motors Co. and Ford Motor Co. began sliding late last year. This year, they have fallen even faster than the battered broader market.
Analysts and investors attribute the declines to worries that rising U.S. interest rates could crimp auto finance and to fears that auto…