Single-month and cumulative sales both fell : Nissan’s global sales supported by the Chinese market

Unlike Toyota and Honda, Nissan, which is also a Japanese car company, is “down and down” in 2019. Nissan’s global sales in October were about 406,000 units, down 9.2 percent from a year earlier, according to the latest sales figures, and 4.3 million units in January-October, down 7.8 percent from a year earlier.

Specifically, Nissan sold about 137,000 vehicles in North America in October, down 6.8 percent from a year earlier, and about 37,000 units in Europe, down 21.1 percent from a year earlier. In Japan, however, Nissan sold just 30,000 vehicles in October, down 30 per cent from a year earlier, and 497,000 units in January-October, down 6.8 per cent from a year earlier.

In China, Nissan sold about 139,000 vehicles in October, down 2.1 percent from a year earlier, and about 1.23 million units in January-October, down 0.6 percent from a year earlier. Despite Nissan’s monthly and cumulative sales decline, the Chinese market remains its best-performing.

Previously, Nissan’s first-half financial report for the first half of the 2019 fiscal year (April 1-September 30) showed revenue for the first half of the fiscal year was Y5033.1bn, down 9.6 per cent year-on-year, while net profit was Y65.4bn, down 73.5 per cent year-on-year.

Nissan has recalibrated its new forecast for fiscal 2019 due to poor performance.

Nissan forecast global sales of 5.24 million vehicles in fiscal 2019, down 5.45 percent from its previous forecast, a 6.2 percent drop to 10.6 trillion yen on revenue and 110 billion yen in net profit, down 35.3 percent from its previous forecast.

Single-month and cumulative sales both fell Nissan's global sales supported by the Chinese market

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