PALL and PPLT should continue to see strength amidst the auto industry's continued recovery as well. Platinum and palladium are essential components in the production of catalytic converters and will benefit as general demand for cars increases in both the developed and emerging worlds. LIT, PPLT and PALL may provide adequate proxy exposure to autos. However, investors looking for a diversified way to access equities related to cars should turn to the Fidelity Select Automotive Fund ( FSAVX). Whereas, in the past, FSAVX offered a unique take on the auto industry, exposing investors to a basket of companies primarily involved in the supply business, the fund's manager recently has ramped up the FSAVX's exposure to top domestic and international car manufacturers. As of Nov. 30, FSAVX's top five positions include Toyota ( TM), Ford, Honda, Johnson Controls ( JCI), and TRW Automotive Holdings ( TRW). The car industry's prospects looking ahead appear promising. However, navigating the auto market using mutual funds and ETFs takes a close eye. Funds such as LIT, PALL, PPLT, and FSAVX will certainly be exciting to watch as this slice of the market continues to get back into gear. Written by Don Dion in Williamstown, Mass.