Auto Parts Stocks Need Repair Following Weak Showing From U.S. Automakers
Investors are throwing car stocks on the trash heap.

Shares of auto parts makers like BorgWarner Inc. (BWA) , Tenneco Inc. (TEN) , and Lear Corp. (LEA) were declining Tuesday as dismal auto sales data in July impacted the entire industry. 

Fiat Chrysler Automobiles (FCAU) reported a 10.48% decline in July unit sales vs. the market's expectations of a 7% drop. Ford Motor Co. (F) reported a 1% decline in retail sales and General Motors Co. (GM) reported a 15.4% decline in unit sales vs. analysts' 9.1% decline expectations. 

As a result, Lear shares were down 2.5% to $144.46, Tenneco was falling 2.3% to $54 and BorgWarner was down 2.95% to $45.36 per share in morning trading. 

More of What's Trending on TheStreet:

More from Stocks

This Market is Treacherous: Cramer's 'Mad Money' Recap (Thursday 12/11/18)

This Market is Treacherous: Cramer's 'Mad Money' Recap (Thursday 12/11/18)

Real Money Video Wrap: Volatility Reigns

Real Money Video Wrap: Volatility Reigns

Nvidia Shares Fall as SoftBank Reportedly Plans to Sell Its Stake

Nvidia Shares Fall as SoftBank Reportedly Plans to Sell Its Stake

Chart of the Day: McDonald's Management Maneuvers Amid Taxes, Tariffs

Chart of the Day: McDonald's Management Maneuvers Amid Taxes, Tariffs

Stocks End Mixed as China Trade Progress Offsets D.C. Dysfunction

Stocks End Mixed as China Trade Progress Offsets D.C. Dysfunction