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Auto stocks drop after September sales data



    By Caroline Valetkevitch

    NEW YORK (Reuters) - Shares of many leading automakers were lower following early September car-sales data on Wednesday, with Ford Motor down 0.9 percent after it reported sales fell slightly from a year ago.

    The sales data from Ford follows a disappointing outlook from the company on Monday. Ford shares are down 10.8 percent for the week so far.

    Shares of General Motors were up 1.4 percent after it reported year-over-year sales gains.

    U.S.-listed shares of Toyota Motor were down 0.3 percent as it reported a decline in September sales from a year ago. U.S.-listed shares of Honda Motor were down 1.2 percent in New York.

    Shares of the First Trust global auto index fund were down 1.3 percent.

    (Editing by Bernadette Baum and Nick Zieminski)