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U.S. residents finally replacing cars and trucks, boosting vehicle production

Published 12/01/2011, Associated Press

People are finally replacing the cars and trucks they held on to during the economic slump, giving a big boost to U.S. auto sales in November. Chrysler, Ford, Nissan and Hyundai were among the companies reporting double-digit gains from last November, which is normally a lackluster month because of colder weather and holiday distractions. This November, buyers were lured by good deals, improving confidence in the economy and the need to trade in older cars.

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