Nissan posts JPY82.02-bil net profit for Q1 ended June

Article by Anita Panait, on July 26, 2013

Nissan Motor Co. posted a nearly a 14-percent jump in net profit in the first quarter ended June 2013 to JPY82.02 billion ($818.9 million), compared to JPY71.97 billion in the same period in 2012. Nissan’s first-quarter results topped the JPY74.9-billion average of six analyst estimates compiled by Bloomberg.

Nissan posted a 25-percent surge in deliveries in the United States in May 2013 after its trimmed prices on seven models, including its top-selling Altima sedan, thanks to a weaker yen.

Nissan disclosed last month that it already fixed a shortage of supply that held back sales of five new models in the US in 2012. Issei Takahashi, a Tokyo-based auto analyst at Credit Suisse Group, remarked to Bloomberg that Nissan's sales performance in the US “has been robust."

He attributed the increase in Nissan’s US volume to the carmaker’s move to reduce retail price of models as well as to the resolution of its inventory problems.

The price cuts as well as pent-up demand boosted sales of Nissan’s new Pathfinder sports utility vehicle and its Altima sedan, both of which were revamped in the US in 2012. In June 2013, Nissan saw deliveries of the Pathfinder surge more than triple and the Altima hike 23 percent.

The carmaker also sold 2,225 units of its Leaf EV in June, its second-highest monthly sales ever, according to researcher Autodata Corp. Nissan has managed to top its 2012 total Leaf sales in the first half of 2013 to 9,839 units after the carmaker trimmed its price, introduced a cheaper entry-level model, and boosted the battery range.

Topics: nissan, sales

If you liked the article, share on:

Comments

Recommended

J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the...
by - February 26, 2017
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries