Can Pent-Up Demand Drive the Auto ETF Higher?
July 09, 2012 at 07:00 AM EDT
The auto industry revved up in June as pent-up demand, low interest rates and retail deals lured in consumers. The focused exchange traded fund Global X Auto ETF (NYSEArca: VROM) may be able to get out of the red as consumers begin to purchase big ticket items. “There are a lot of used cars...