Despite a solid month of auto sales in January, "Fast Money" traders shied away from carmaker stocks.
U.S. auto sales fell a better-than-expected 0.3 percent for the month, beating estimates of a decline between 0.5 percent and 5 percent, according to a Reuters poll. General Motors said sales rose 0.5 percent, while Ford's sales fell 2.6 percent.
GM and Ford shares fell 1.5 and 4.6 percent, respectively, on Tuesday amid a broad decline in U.S. stocks.
GM's stock looks stronger than Ford's currently, contended trader Steve Grasso. But both have fallen more than 10 percent this year, and Grasso said he would stay away from any automaker stocks amid sluggishness in the U.S. economy.