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

More Restaurant Stocks That May Be Worth a Nibble

More Restaurant Stocks That May Be Worth a Nibble

Sirius XM Hopes to Tune in Royalty Savings

Sirius XM Hopes to Tune in Royalty Savings

NYSE Trader on Sirius, Pandora and Monday's Stock Market Decline

NYSE Trader on Sirius, Pandora and Monday's Stock Market Decline

History of Marijuana: Origins, Legality and What's Happening in 2018

History of Marijuana: Origins, Legality and What's Happening in 2018

Signet's Buyback Program Has Probably Helped to Strengthen the Charts

Signet's Buyback Program Has Probably Helped to Strengthen the Charts