Nissan anticipates global production to rise by 21% to 4.1 million vehicles during the current fiscal year. An increase from 3.38 million the previous fiscal year.
“If the North America sales target is achieved, that market would exceed China as Nissan’s biggest and post its healthiest result since the pandemic and global semiconductor shortage,” a recent World News Era report states.
Kicking off the year on a positive note, the car brand’s U.S-based delivery counts rose by 17% to 235,818 vehicles in the January-March quarter, concluding a streak of six consecutive quarterly declines. “We see opportunities in the U.S.,” Uchida said.
The projection of 1.32 million does not surpass the 1.62 million sold in North America in the fiscal year that ended on March 31, 2020.
North American sales declined by 14% to 1.02 million vehicles, while the European market experienced a 5.5% increase to 305,000, also seeing a boost per vehicle.
Revenues per vehicle have increased by 20 percent for the Rogue crossover and 21 percent for the Altima sedan, for example, over the past three fiscal years, according to a report released by the company. The Pathfinder SUV increased by 48 percent, while the Frontier pickup saw revenue per vehicle spike of 36 percent.
“All four nameplates saw their segment share increase over the period,” COO Ashwani Gupta said. “Overall, that better mix of more profitable models teamed with foreign exchange rate gains to drive profits higher in the just-ended fiscal year, despite production woes and soaring costs.”
Operating profit also increased to 377.1 billion yen ($2.84 billion) in the fiscal year, from 247.3 billion yen ($1.87 billion) the previous year. “Operating profit margin improved to 3.6 percent, from 2.9 percent,” the report revealed. “Net income advanced 3 percent to 221.9 billion yen ($1.67 billion). Global sales fell 15 percent to 3.31 million vehicles in the fiscal year.”