Start Comparing Rates within Minutes!

Start Comparing Rates within Minutes and you could save!

 

Compare Rates Within Minutes!

  • Complete 1 short quote form
  • Compare rates from top insurers
  • Save time & money!

Domestic car sales surge, while foreign vehicles slide in May

Posted 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.

Feedback or questions? Email the editor here.

Get Free Insurance Quotes and Save!