Shares of automakers Ford Motor Company (NYSE: F) and General Motors (NYSE: GM), as well as those of online car-shopping service TrueCar (NASDAQ: TRUE), were all falling on Wednesday after some automakers reported dismal U.S. sales results for the month of March.
Here's where these three stocks stood as of 2:30 p.m. EDT, relative to Tuesday's closing prices:
Auto investors already knew that March was a tough month for U.S. auto sales. Most U.S. auto factories, and many dealerships, shut down in mid-March as state and local authorities ordered social-distancing measures intended to slow the spread of the COVID-19 virus.