Shares of auto makers fell in morning trade Wednesday, after government retail sales data for April showed a sharp in sales at auto dealers. Ford Motor Co.’s stock F, -1.07% dropped 1.7% and General Motors Co. shares GM, -1.01% shed 1.1%, while shares of Fiat Chrysler Automobiles N.V. FCAU, -2.11% dropped 2.2% and Tesla Inc. TSLA, -1.66% slid 2.8%. Used-car retailer CarMax Inc. KMX, -0.80% slipped 0.6%. Receipts at auto dealers fell 1.1% in April, after rising 3.1% in March at first look. Ford’s stock has rallied 31.6% year to date and GM shares have gained 9.5%, while the S&P 500 SPX, -0.40% has advanced 12.6%.
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