Nissan production, sales and export results for July 2015

YOKOHAMA, Japan – 08.28.2015 – Nissan Motor Co., Ltd. today announced its production, sales and export figures for July 2015.

1. Production
Nissan‘s global production in July increased 2.8% year-on-year to 376,088 units.

Production in Japan increased 4.3% year-on-year to 82,668 units, mainly due to increased demand for the X-Trail.

Production outside Japan increased 2.3% year-on-year to 293,420 units.

In the U.S., production increased 7.7% year-on-year to 57,256 units, marking an all-time record for the month of July, mainly due to increased demand for the new Maxima and the Murano.

In Mexico, production increased 1.4% year-on-year to 58,591 units, marking an all-time record for the month of July, mainly due to increased demand for the NP300 Frontier.

In the U.K., production decreased 26.5% year-on-year to 25,864 units.

In Spain, production decreased 43.9% year-on-year to 8,440 units.

In China, production increased 18.0% year-on-year to 80,344 units, mainly due to increased demand for the X-Trail and the Sylphy series.

Production in other regions was up 9.6% year-on-year to 62,925 units, mainly due to an increase in production volume of the Rogue (X-Trail in Japan), which is produced in Korea for the North America market, and the NP300 Navara produced in Thailand.

2. Sales
Global sales increased 4.0% year-on-year to 433,067 units, marking an all-time record for the month of July.

Japan:

  • Sales including mini-vehicles declined 8.3% year-on-year to 51,075 units
  • Vehicle registrations decreased 1.5% year-on-year to 35,284 units
  • Mini-vehicle sales decreased 20.6% year-on-year to 15,791 units

Sales outside of Japan increased 5.9% year-on-year to 381,992 units, marking an all-time record for the month of July.

In the U.S., sales increased 7.8% year-on-year to 130,872 units, mainly due to higher demand for the Rogue and the Altima, marking an all-time record for the month of July.

In Mexico, sales increased 21.7% year-on-year to 28,693 units, marking an all-time record for the month of July, mainly due to higher sales volume of the X-Trail and the new NP300 Frontier.

In Europe, sales increased 5.8% year-on-year to 56,771 units, marking an all-time sales record for the month of July, mainly due to increased demand for the X-Trail and the Pulsar.

In China, sales were down 13.9% year-on-year to 84,212 units.

Sales in other regions decreased 3.4% year-on-year to 68,740 units.

3. Japan Exports
Nissan’s exports in July increased 10.6% year-on-year to 48,037 units, mainly due to increased demand for the X-Trail.

Nissan Group reports July 2015 U.S. sales

08.03.2015 – Nissan Group today announced total U.S. sales for July 2015 of 130,872 units, an increase of 7.8 percent over the prior year and a July record.

Nissan highlights:

  • Nissan Division finished July with 120,439 sales, up 6.7 percent and also a July record.
  • Overall sales of Nissan crossovers, trucks and SUVs were up 22 percent.
  • Sales of the Nissan Rogue crossover set a July record at 25,081, an increase of 50.9 percent.
  • Sales of the Murano crossover increased 17.7 percent to 5,459.
  • Nissan’s best-selling vehicle – Altima – set a July record with 33,842 sales, up 27 percent.
July 2015 July 2014 % Change
Nissan Group Total sales (units) 130,872 121,452 +7.8
Nissan Division sales 120,439 112,914 +6.7
Infiniti sales* 10,433 8,538 +22.2
NISSAN DIVISION JULY   JULY   Monthly   CYTD   CYTD   CYTD
  2015   2014   % chg   2015   2014   % chg
                       
Nissan Division Total 120,439   112,914   6.7   792,642   758,050   4.6
Versa 9,949   15,630   -36.3   76,904   83,570   -8.0
Sentra 18,511   17,579   5.3   124,412   111,477   11.6
Cube 52   324   -84.0   842   2,618   -67.8
Altima 33,842   26,654   27.0   205,873   203,107   1.4
Maxima 4,175   5,790   -27.9   18,680   29,241   -36.1
LEAF 1,174   3,019   -61.1   10,990   15,755   -30.2
Juke 2,347   2,325   0.9   16,994   28,086   -39.5
370Z 673   636   5.8   4,674   4,750   -1.6
GT-R 66   91   -27.5   826   651   26.9
Total Car 70,789   72,048   -1.7   460,195   479,255   -4.0
Frontier 4,194   5,797   -27.7   38,999   41,740   -6.6
Titan 1,126   1,072   5.0   7,175   7,488   -4.2
Xterra 1,196   1,073   11.5   8,114   10,838   -25.1
Pathfinder 7,802   7,364   5.9   49,740   47,328   5.1
Armada 878   948   -7.4   8,067   7,405   8.9
Rogue 25,081   16,618   50.9   160,478   115,920   38.4
Murano 5,459   4,640   17.7   33,934   25,065   35.4
Quest 895   786   13.9   6,295   7,156   -12.0
NV 1,526   1,230   24.1   9,712   8,687   11.8
NV200 1,493   1,338   11.6   9,933   7,168   39
Total Truck 49,650   40,866   21.5   332,447   278,795   19.2
North American produced 101,147   96,574   4.7   671,131   639,566   4.9
Car 67,651   68,670   -1.5   436,856   443,131   -1.4
Truck 33,496   27,904   20.0   234,275   196,435   19.3
Import 19,292   16,340   18.1   121,511   118,446   2.6
Car 3,138   3,378   -7.1   23,339   36,086   -35.3
Truck 16,154   12,962   24.6   98,172   82,360   19.2
                       
INFINITI July   July   Monthly   CYTD   CYTD   CYTD
  2015   2014   % chg   2015   2014   % chg
                       
Infiniti Total 10,433   8,538   22.2   74,713   67,879   10.1
Infiniti Q40 407   1,340   -69.6   8,084   9,781   -17.3
Infiniti Q50 3,807   2,461   54.7   24,207   20,467   18.3
Infiniti Q60 319   682   -53.2   2,611   4,702   -44.5
Infiniti Q70 572   272   110.3   5,056   2,997   68.7
Infiniti QX50 182   226   -19.5   1,614   1,653   -2.4
Infiniti QX60 3,760   2,232   68.5   21,538   17,831   20.8
Infiniti QX70 310   373   -16.9   3,201   3,278   -2.3
Infiniti QX80 1,076   952   13.0   8,402   7,170   17.2
Total Car 5,105   4,755   7.4   39,958   37,947   5.3
Total Truck 5,328   3,783   40.8   34,755   29,932   16.1
                       
NISSAN GROUP JULY   JULY   Monthly   CYTD   CYTD   CYTD
  2015   2014   % chg   2015   2014   % chg
                       
TOTAL VEHICLE 130,872   121,452   7.8   867,355   825,929   5.0
Total Car 75,894   76,803   -1.2   500,153   517,202   -3.3
Total Truck 54,978   44,649   23.1   367,202   308,727   18.9
Selling days 26   26       178   178    

Nissan reports net income of $1.3 billion for first quarter of FY2015

YOKOHAMA, Japan – 07.29.2015 – Nissan Motor Co., Ltd. today announced fiscal year first quarter financial results for the three months ending June 30, 2015.

The company reported net revenue of $23.9 billion (2.90 trillion yen), an increase of 17.6% versus 2.47 trillion yen a year ago. Operating profit was $1.6 billion (193.7 billion yen), up from 122.6 billion yen, a 58.0% increase. Net income was $1.3 billion (152.8 billion yen), an increase of 36.3% versus 112.1 billion yen in the prior year.

Nissan unit sales increased 4.4% in a market that increased 1.5%. Market share rose to 5.9%, up from 5.7% the previous year. The company sold 1,294,000 vehicles during the period.

“Nissan delivered solid financial results in the first three months of the fiscal year due primarily to strong demand for our core products in North America and Europe,” said Carlos Ghosn, president and chief executive officer. “Given our on-going product offensive, the benefits of our Alliance strategy and continued cost-discipline, Nissan is on track to deliver its full-year financial guidance.”

During the period, Nissan launched the all-new Maxima in the U.S. and expanded introduction of the NP300 Frontier to Latin America and the Caribbean. The Insurance Institute for Highway Safety awarded the Murano a “Top Safety Pick Plus” vehicle safety rating, and the Sentra was named top Compact Car in the J.D. Power and Associates Initial Quality Study (IQS).

Infiniti improved to the fifth position in the J.D. Power IQS, securing recognition as the largest rank improvement of any brand. All Infiniti models performed above average in their respective segments, and the QX70 and QX80 were awarded top honors in their segments.

Nissan continued to benefit from strong sales of models from the Common Module Family developed within the Renault-Nissan Alliance, the Qashqai, Rogue and X-Trail. Nissan ended the period as best-selling Asian brand in Europe.

In the first quarter Nissan maintained its zero-emissions leadership. Total sales since launch of the all-electric LEAF have passed 180,000 units, and the company continued to expand its presence in electric commercial vehicles with the e-NV200.

On a management pro forma basis, which includes the proportional consolidation of results from Nissan’s joint venture operation in China, fiscal year first quarter net revenue increased to 3.12 trillion yen, up 16.0% year-on-year. Operating profit was up 41.0% versus the same period last year, to 219.7 billion yen, resulting in a 7.0% operating profit margin.

Results for three months to June 30, 2015
(TSE report basis – China JV equity basis)*
Q1 Y-O-Y
Net revenue ¥2.90 trillion
($23.9 billion/€21.6 billion)
+17.6%
Operating profit ¥193.7 billion
($1.6 billion/€1.4 billion)
+58.0%
Ordinary profit ¥215.9 billion
($1.8 billion/€1.6 billion)
+45.2%
Net income** ¥152.8 billion
($1.3 billion/€1.1 billion)
+36.3%

FY2015 Outlook

Nissan reaffirmed its global sales forecast for fiscal 2015. With a number of new models in the pipeline, including the Titan pick-up truck in the U.S. and the Lannia sedan in China, the company expects to sell 5.55 million units this fiscal year, up 4.4% and equivalent to global market share of 6.5%.

Nissan also maintained its financial forecasts first issued to the Tokyo Stock Exchange in May 2015. Calculated under the equity accounting method for the fiscal year ending March 31, 2016, the forecasts showed:

Nissan FY15 Outlook – TSE report basis – China JV equity basis1
Net revenue ¥12.10 trillion
($105.2 billion/€93.1 billion)
Operating profit ¥675.0 billion
($5.9 billion/€5.2 billion)
Ordinary profit ¥765.0 billion
($6.7 billion/€5.9 billion)
Net Income2 ¥485.0 billion
($4.2 billion/€3.7 billion)

Calculated on exchange rate of JPY 115/USD and JPY 130/EUR

Nissan continued to project a full year dividend of 42 yen per share, a 27% increase from the prior year.

* Since the beginning of fiscal year 2013, Nissan has reported figures calculated under the equity method accounting for its joint venture with Dongfeng in China. Although net income reporting remains unchanged under this accounting method, the equity-accounting income statements no longer include Dongfeng-Nissan’s results in revenues and operating profit.

** Net income attributable to owners of the parent