North America Market Boosts Nissan Sales
TOKYO -- Nissan Motor Co. (IW 1000/33) on February 10 said its April-December net profit jumped nearly 34% from a year earlier to 452.8 billion yen (US$3.7 billion), despite weakness in Japan and emerging markets.
Nissan, which also said revenue jumped more than 10% to 8.94 trillion yen, is the last of Japan's Big Three automakers to report its nine-month results.
For the nine-month period, Nissan's global unit sales figure rose 1.4% to 3.89 million vehicles.
The company left unchanged its fiscal year to March profit forecast.
"Nissan has been strong in North America while sales in China are steady so the upward trend is likely to continue for now," said Shigeru Matsumura, analyst at SMBC Friend Research Center, who pointed to the rollout of small sport utility vehicles in Asia's top economy.
Japan's automakers have also been looking to lure rival Volkswagen's customers as the German giant deals with a massive pollution cheating scandal. "Volkswagen is in a severe situation," said Rakuten Securities analyst Yasuo Imanaka. "Japanese automakers can take advantage of the slump by winning Volkswagen customers. It could be a plus for them."
Nissan and its top domestic rivals, Toyota and Honda, have benefited from healthy growth in the U.S. where low interest rates proved a boon to consumers, although the slim possibility of rate hikes this year could dampen sales.
Weakening demand in emerging markets such as Thailand and Indonesia, as well as a planned consumption tax hike in Japan next year, could also eat into the market.
"In Japan and certain emerging markets, we have seen some challenges, but there is a positive trend in North America so we have not revised our forecast," said Nissan corporate vice-president Joji Tagawa.
He added that China, where Nissan's latest sales edged up two percent, was showing signs of a stronger pick up, amid fears that a slowdown in the world's number two economy threatened car demand.
Rival Toyota has said its latest net profit jumped nearly 10% to 1.9 trillion yen, despite falling sales in most regions except North America, with the world's top automaker focused on squeezing more productivity out of its plants.
Honda also said North America was a bright spot that helped offset sluggish sales at home, as Japan's economy stumbles and younger people increasingly turn away from owning a car.
Nissan credited new models in North America and in Europe for driving up sales.
"Our product offensive has reaped rewards in North America and Western Europe, where buoyant consumer demand and rising unit sales underpinned Nissan's overall profit-growth," said Carlos Ghosn, CEO.
Copyright Agence France-Presse, 2016
Nissan Tops The Latest Financial Report
Nissan Motor Co. has announced its sales, production, and export figures for July 2016. While the global production has increased by 7.2 percent, the global sales has declined by 0.3 percent.
July 2016 was Nissan's sixth ensuing month of increase. While production in Japan reduced to 2.9 percent year-on-year to 80,242 units, production outside Japan increased to 10.0 percent year-on-year to 323,275 units, the 15th successive month of increase and a record for the month of July.
Nissan's production hits record levels in the US and Mexico. The US operations saw output increase 11.8 percent year-on-year to 64,034 units, and in Mexico, production increased 1.3 percent year-on-year to 59,360 units.
Meantime, in the UK, production increased 39.6 percent year-on-year to 36,108 units; In Spain, the production increases up to 31.2 percent year-on-year to 11,520 units; and in China, production increased 5.6 percent year-on-year to 84,846 units.
In India, Nissan produced a total number of 15,054 cars, up to 5.54 percent year on year. Sales in July were 6,418 units, up 125percent year on year.
But Nissan's global sales reduced by 0.3percent year-on-year to 431,593 units. In Japan, sales including mini-vehicles decreased by 21.5percent year-on-year to 40,079 units. Sales outside Japan hiked to 2.5percent year-on-year to 391,514 units, the second consecutive month of increase and a record for the month of July.
Record hits for July were registered in the US, Mexico and Europe. In the US, sales hiked 1.2 percent year-on-year to 132,475 units; In Mexico, sales increased by 16.4 percent year-on-year to 33,387 units; and in Europe, they rose 1.0 percent year-on-year to 57,353 units. In China, sales increased 8.9 percent year-on-year to 91,740 units.
Nissan's exports from Japan also increases to 13 percent year-on-year to 54,291 units. Nissan is on a good track now. Globally the company achieved an increment in sales.
Nissan Group reports August 2017 U.S. sales
Nissan Group Total sales (units)
Nissan Division sales
NASHVILLE, Tenn. – Nissan Group announced total U.S. sales for August 2017 of 108,326 units, a decrease of 13 percent from last year.
- Nissan Titan sales increased 182 percent to 3,521.
- Nissan Armada set an August record with 4,454 in sales, up 767 percent.
- Nissan Sentra sales increased to 15,285, up 7 percent.
- Nissan LEAF sales increased to 1,154, up 8 percent.
- NV200 set a record for August with 1,615 in sales, up 12 percent.
*INFINITI sales total included for reference. For more information on Infiniti’s August sales performance, please visit infinitinews.com.
NOTE: To ensure consistency in global sales reporting, Nissan North America calculates monthly variances on a straight-percentage basis, unadjusted for the number of selling days. August 2017 had 27 selling days, while August 2016 had 26 selling days.