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Posts Tagged ‘2016 Nissan quarterly earnings’

Nissan Enjoys Strong Quarterly Earnings

Japanese maker seeing strong sales in U.S., China and Mexico.

by on Jul.29, 2016

Nissan Corporate Vice President Joji Tarawa spells out the maker's quarterly results.

Nissan Motor Co., Ltd. enjoyed a profitable second quarter for this year with operating profit up more than 35% due to strong demand for its crossovers and sporty sedans in the United States, officials said.

During the three months ending June 30, global total industry volumes – or TIV – reached 22.79 million units, an increase of 3.5%, the company reported. In the U.S., Nissan’s sales rose by 7.9% to 398,000 units, equivalent to a market share of 8.7%, amid strong demand for Altima, Rogue and the new Maxima.

The Last Word!

The company has performed well in China as well during the first half of 2016. Six-month sales performance in China, Nissan’s passenger vehicle sales increased 6.6% to 526,000 units. (more…)