Automakers Show Strong Gains, Sending Most Stocks Higher

[Stocks-to-Watch]

Big automakers posted strong sales growth in January, and most were trading higher in response. Domestic auto sales came in at a seasonally adjusted annual rate of around 14 million vehicles in January. That would be the best showing since August 2009, according to Reuters.

Among the best performers were Chrysler, which posted 44% growth, and Volkswagen of America (VLKAY), which saw sales rise 48%. Ford (F) reported a 7.4% increase, and General Motors (GM) saw sales slide 6% (against expectations for a 9% drop).

Ford was trading slightly lower, but the stocks of most other companies rose, with Honda (HMC) up 3.6% and General Motors rising 1.5%.



Original Article Source by Barrons.com