Nissan Motor Co., Ltd. ADROTCPK - Current
Yesterday, 12:41 PM
- TrueCar estimates new U.S. vehicles sales will fall 6.6% in October to 1.36M units.
- The forecast doesn't adjust for the two fewer selling days in the period this year. Hurricane Matthew was also a negative factor on sales during the month.
- Rather suddenly, one of the more common words in the automobile sector in relation to sales growth has been "plateau" or variations of the noun. "As retail demand plateaus automakers will be forced to make the critical decision to cut vehicle production or increase incentives,' notes TrueCar analyst Eric Lyman.
- Incentive spending is forecast to increase 16% Y/Y during October.
- TrueCar's sales forecasts by automaker are posted below.
- BMW (OTCPK:BMWYY) -10.7% to 30K units, market share 2.2% vs. 2.1% last month.
- Daimler (OTCPK:DDAIF) +0.1% to 32.5K units, market share 2.4% vs. 2.3% last month.
- FCA (NYSE:FCAU) -11.0% to 175K units, market share 12.9% vs. 13.5% last month.
- Ford (NYSE:F) -9.9% to 192K units, market share 14.1% vs. 14.2% last month.
- General Motors (NYSE:GM) -8.9% to 239.5K units, market share 17.6% vs. 17.4% last month.
- Honda (NYSE:HMC) -2.8% to 128K units, market share 9.4% vs. 9.3% last month.
- Hyundai (OTC:HYMLF) -7.0% to 55.8K units, market share 4.1% vs. 4.6% last month.
- Kia (HYUMLF) -2.1% to 49K units, market share 3.6% vs. 3.4% last month.
- Nissan (OTCPK:NSANY) -2.6% to 113K units, market share 8.3% vs. 8.9% last month.
- Subaru (OTCPK:FUJHY) +0.7% to 52K units, market share 3.8% vs. 3.8% last month.
- Toyota (NYSE:TM) -1.5% to 201K units, market share 14.8% vs. 13.7% last month.
- Volkswagen (OTCPK:VLKAY) -16.9% to 43.5K units, 3.2% vs. 3.2% last month.
- Research firms are likely to include Tesla Motors (NASDAQ:TSLA) in their monthly forecasts in the future as the EV automaker scales up with increased production of the Model S, Model X and the Model 3 in due time.
Mon, Oct. 24, 1:04 PM
- Toyota (NYSE:TM) and Lexus topped the annual car reliability survey from Consumer Reports once again. Responses from owners, track testing and safety data were all factored in to generate the Consumer Reports rankings.
- Buick (NYSE:GM) surprised with a jump up to the third spot on the list, while Audi (OTCPK:VLKAY) dropped a spot to fourth. Infiniti (OTCPK:NSANY) shot up 16 spots to land at eighth.
- Brands ranking near the bottom of the CR survey included GMC (GM), Tesla (NASDAQ:TSLA), Dodge, Chrysler (NYSE:FCAU), Fiat, and Ram.
- Model standouts: Toyota Prius, Lexus CT 200h, Infiniti Q70, Audi Q3, Lexus GX, Mercedes-Benz GLC.
- CR brand reliability survey
Fri, Oct. 21, 7:44 AM
- Nissan (OTCPK:NSANY) says it will decide on what to do in the U.K. in November following a critical meeting last week between CEO Carlos Ghosn and U.K. Prime Minister Theresa May.
- The Japanese automaker is looking for some reassurances on the impact of Brexit before investing more in the region.
- Nissan operates the largest car factory in Britain.
Thu, Oct. 20, 9:15 AM
- Nissan (OTCPK:NSANY) expects big returns from its investment in Mitsubishi Motors (OTCPK:MMTOF).
- CEO Carlos Ghosn says new synergies will add ¥24B in FY17 and ¥60B in FY18.
- "We are proud to be providing strategic, operational and management expertise as well as capital investment to ensure that Mitsubishi Motors not only overcomes its immediate, significant challenges but also flourishes in the future," says Ghosn.
- Nissan is now part of a powerful triple alliance with Renault (OTC:RNSDF, OTCPK:RNLSY) and Mitsubishi.
- Previously: Nikkei: Nissan CEO to become Mitsubishi Chairman (Oct. 19)
Wed, Oct. 19, 11:35 AM
- The focus on Apple's (AAPL -0.2%) influence in the automobile sector has shifted away from straight manufacturing to ways the tech company could integrate software, information systems, or automated driving capabilities into next-gen models.
- The recent developments with Project Titan also raise the stakes on which automakers strike a significant partnership with Apple if the venture makes it past 2017 (the reported AAPL deadline).
- While many auto industry watchers think major automakers won't convert to the Apple ecosystem across their portfolio, high-end "Applefied" models are seen as a realistic possibility.
- "A luxury automobile with 'Apple Inside'? That could be hit, and a profitable one yet," writes Los Angeles Times columnist Michael Hiltzik.
- SA contributor Bret Kenwell also dug into the Project Titan issue earlier this week.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE, TTM, MBLY.
- Previously: Bloomberg: Apple scales down automotive strategy, plans to build car postponed (Oct. 17)
Wed, Oct. 19, 4:21 AM
- Nissan (OTCPK:NSANF) CEO Carlos Ghosn will become chairman of Mitsubishi Motors (OTCPK:MMTOF) after Nissan completes the $2.3B acquisition of a 34% stake in its smaller rival, Nikkei reports (via Reuters).
- Current Mitsubishi Chairman Osamu Masuko will retain his role as President.
- Nissan's purchase of the holding comes after Mitsubishi admitted to falsifying the mileage in some of its vehicles.
- Mitsubishi jumped 8.05% in Tokyo while Nissan closed +0.5%.
Fri, Oct. 14, 8:00 AM
- Nissan (OTCPK:NSANY) car registrations -3.2% to 61,853 units in September, according to the European Automobile Manufacturers Association.
- Overall EU + EFTA registrations +7.2% Y/Y to 1,455,810 units in September on broad gains across the continent. Registrations were up 9% in Germany and 17% in Italy.
- Nissan market share: 4.1% vs. 4.6% a year ago.
- Nissan YTD registrations -2.0%.
- EAMA release (.pdf)
Wed, Oct. 12, 9:52 AM
- Automobile deliveries in China increased 29% Y/Y to 2.27M units in September, according to the China Passenger Car Association. The rate of growth is the highest seen in the region since January of 2013.
- Demand in China has stayed strong in front of the expiration of a tax break at the end of the year. The government hasn't tipped off yet if the tax cut will be extended.
- Automobile sales are up 15% YTD through the end of September to 16.75M vehicles.
- Previously: Ford's sales in China stay on hot pace (Oct. 11)
- Previously: GM knocks out another strong month in China (Oct. 10)
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, OTC:GNZUF, OTC:GNZUY, TSLA, OTCPK:NSANY, TM.
Mon, Oct. 3, 3:54 PM
- Several major automakers posted lower sales in September in another sign that a peak in demand may have been reached. Ford (NYSE:F), Fiat Chrysler Automobiles (NYSE:FCAU), and Volkswagen (OTCPK:VLKAY) all saw volume drops, while Nissan (OTCPK:NSANY), Toyota (NYSE:TM), and Subaru (OTCPK:FUJHY) gained some market share during the month.
- Once again, pickup sales were strong in the U.S. Ram pickups stood out with a 29% increase over last year's mark.
- Average transaction prices rose by about 2.5% in September, according to an estimate from Kelley Blue Book.
- The industry could still have a record year if demand is strong in Q4, although some analysts are warning on the impact of the higher level of discounting on profit.
Mon, Oct. 3, 8:05 AM
- Nissan (OTCPK:NSANY) unit sales +4.9% to 127,797 units to blast past estimates from Kelley Blue Book and Edmunds.com
- Nissan truck sales increased 20% Y/Y to 56,703 units. Nissan car sales fell 7% to 59,681 units.
- Sales growth by brand: Nissan +4.3% to 116,384; Infiniti +11.7% to 11,413 units.
- Sales volume leader: Rogue +5.6% to 26,459 units.
- Sales growth leader: Titan +130% to 2,484 units.
- YTD Nissan sales +5.4% to 1,183,024 units after 229 selling days.
Thu, Sep. 15, 7:58 AM
- Nissan (OTCPK:NSANY) car registrations +1.3% to 25,785 units in August, according to the European Automobile Manufacturers Association.
- Overall EU registrations +10.0% Y/Y to 819,126 units in August, led by strong growth in Italy and Spain. Registrations were up 8% in Germany and 3% in the U.K.
- Nissan market share: 3.0% vs. 3.3% a year ago.
- Nissan YTD registrations -1.9%.
- EAMA release (.pdf)
Thu, Sep. 15, 4:33 AM
- Mitsubishi Motors (OTC:MMTOY) continues to improperly test the fuel economy of its vehicles, according to Japan's transport ministry, months after first admitting to manipulating fuel-economy data to inflate mileage results.
- The announcement is the latest setback for Mitsubishi. In April, it confessed to altering figures on four car models - two of which were manufactured for Nissan (OTCPK:NSANY) - and last month, another eight of its vehicles were pulled from the market.
Wed, Sep. 14, 7:48 AM
- Automobile sales rose 17% in India during August to 258,722 units, according to the Society of Indian Automobile Manufacturers. Sales growth has been in positive territory every month this year, including over 10% in three of the last five months.
- A long stretch of rainfall early in the summer amid the monsoon season pushed some demand into August, observe analysts. Most forecasts call for Indian auto sales this fiscal year to top last year's mark.
- Related stocks: OTCPK:SZKMF, HMC, TTM, OTCPK:BMWYY, OTCPK:VLKAY, OTCPK:NSANY.
Fri, Sep. 9, 7:28 AM
- Automobile deliveries in China increased 26% Y/Y to 1.8M units in August, according to the China Passenger Car Association. The rate of sales growth matched the pace from July.
- SUV and crossover sales rose 44% to over 654K during the month. Sales of vehicles with engine sizes below 1.6 liters increased 41%. GM, Ford, and Nissan all reported deliveries growth of over 17% for the period. EV sales in China have doubled this year and are on a pace to top 400K for the year.
- Demand in China remains strong in front of the expiration of a tax break at the end of the year.
- Automobile sales are up 13% YTD through the end of August.
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, GM, OTC:GNZUF, OTC:GNZUY, TSLA, F, OTCPK:NSANY, TM.
Thu, Sep. 1, 11:17 AM
- Nissan (OTCPK:NSANY) unit sales -6.5% to 124,638 units to miss the -2% drop forecast by Kelley Blue Book.
- Truck sales increased 18% Y/Y to 66,847 units. Car sales fell off 25% to 57,791 units.
- Sales growth by brand: Nissan -6.9% to 114,199 units; Infiniti -1.8 to 10,439 units.
- YTD Nissan sales +5.4% to 1,055,027 units.
Wed, Aug. 31, 10:26 AM
- U.S. auto sales are expected to show a decline of 2% to 5% for August amid a dialing back of discounting activity, according to the range of forecasts from Kelley Blue Book, Edmunds, J.D. Power, and LMC Automotive. General Motors is poised to report a loss of market share as its plan to cut out fleet sales impacts volume.
- Bloomberg estimates the seasonally adjusted selling rate for the month will be 17.2M, down from 17.9M last month.
- The sales dip isn't necessarily a bottom line drag for the sector due to reduced discounting and the increasing mix of higher-profit SUVs and trucks. But higher profit hasn't lifted automaker stocks this year, with the group having trouble gaining traction and trading with low forward PE multiples (GM 5.5, Ford 6.8, Honda 10.5, Toyota 10.9).
- Auto parts stocks (LEA, TEN, BWA, DAN, MPAA, CPS, DLPH, AXL, TOWR, ACW, FENX, MTOR, THRM, SMP, ALV, MOD, SRI) will be on watch tomorrow when the reports roll in as the sector frequently sees some extra volatility on days U.S. auto sales are disclosed.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE.