European Auto Sales Plummet To 20 Year Low, Hedge Funds Caught in The Middle

Lets take a look at hedge funds’ long and short positions in the European auto sector as auto sales have fallen to the lowest levels in two decades. Peugeot, Fiat and Volkswagen are popular in hedge fund portfolios (as long and short positions) see all hedge fund short positions here. Auto Sales In Europe Auto sales in Europe have plummeted to a 20-year low, falling 5.9 percent on a year-on-year basis in the latest data released from the European Automobile Manufacturers’ Association (ACEA). Reported car registrations in May were 1.08 million, the lowest since 1993. The rising unemployment in the…