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Domestic car sales surge, while foreign vehicles slide in MayPosted On Thu, June 2, 2011
Car sales reports have been released and sales data indicates it was a slow month for many foreign automakers.
Compiled by Consumer Reports, sales figures for Nissan dropped 9 percent compared to the same month last year, Subaru posted a sales decline of 15 percent after several months of positive growth and Toyota moved 28 percent fewer units in year-over-year sales figures.
The news source says most foreign car manufacturers attributed the decline to supply issues resulting from the Japanese earthquake. South Korea-based Hyundai and Kia had no such problems, with Hyundai selling 10,000 more units last month compared to May 2010, according to Consumer Reports.
Domestic manufacturers also had a prosperous May, as sales figures were steady for Ford and General Motors, while Chrysler posted a 10 percent increase in sales, the source reports. Some of the best selling models were Chrysler's Compass, Grand Cherokee and Patriot.
Whether a car is foreign or domestic built may indirectly factor into auto insurance premiums, as insurers consider a car's make and model when assessing rates.
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