Nissan's global profits are getting killed by its US dealerships
#16
Lexus Fanatic
iTrader: (20)
Well if they didn’t have to sink BILLIONS of dollars in dumb cars like the Ariya - They could have invested that $$$ more wisely to improve their old models that are no longer competitive.
This goes for all the automakers - that why we see so much cost cutting in new cars even high end ones like current Sclass.
This goes for all the automakers - that why we see so much cost cutting in new cars even high end ones like current Sclass.
that's not political, that's facts.
#17
Lexus Fanatic
I have to agree with bit on this one. Facts are facts.
#18
Lexus Test Driver
I do think that the significant quality drop under Ghosn has contributed to Nissan's current financial woes. Eventually your reputation changes and it comes back to haunt you. Toyota is at risk of this if they don't get their quality back up to snuff.
It appears that the only people wanting a poorly built CVT equipped sedan or crossover are those who don't have any other options.
It appears that the only people wanting a poorly built CVT equipped sedan or crossover are those who don't have any other options.
#19
Pole Position
Is that really what's in play here, though? Nissan completely failed to embrace hybrids, so they cut themselves out of a whole market segment with their CAFE averages suffering as a consequence. They also beat Tesla to market with a mass-market EV, but haven't done nearly enough since then to stay competitive in that segment, which is but one of the reasons they're now caught up having to fund incentives. But the general failure here is on Nissan management rather than over regulation. They just aren't making enough cars enough people want.
Last edited by swajames; 07-27-24 at 09:13 PM.
#20
As mentioned in another thread, they missed out on the off-roading market by not producing a modern day X-Terra which they already have the Frontier pick up to base it off of. I imagine things like the 4Runner, Wrangler and Bronco have good margins in them and having an X-Terra would probably help the bottom line.
#21
Lexus Fanatic
‘How much did they sink into the Ariya? In Oakville ON Ford spent billions to prep and start converting their assembly line. Now they have had an about-face and reverse course and will spend $3.4 billion to now make Super Duty Trucks
#22
Lexus Test Driver
The headline story is only somewhat accurate. The same up and down profits can be said for nearly all other manufacturers during the same two year time period. During the chip shortage, everyone was charging full price and over sticker, yielding massive profits. Then inventory caught up and people could no longer afford highly optioned cars along with high interest rates. Sales fall and profits are erased. That has been the story for several months now with most other brands, so it's mostly the same story with Nissan. Dealer greed is to blame, along with the manufacturers allowing it. Now let them suffer.
#23
Lexus Test Driver
Ford is a much bigger company and can make mistakes that Nissan can’t afford to do. But even Ford is struggling, look at their stock price.
The new S650 Mustang is not really “new” at all. The interior is pretty much identical to S550 besides the LCD screens.
#25
Lexus Test Driver
Free market always wins and lets the best products flourish.
These mandates are foolish.
Tesla has had incredible success and if companies want to challenge them then that should be their choice. Ultimately consumers will choose.
Whenever there are government mandates or anything run by the government - it always ends badly for the consumers who are left holding the bag in the end.
#26
Lexus Fanatic
Only when there is competition. And we no longer have a truly free market in the auto industry.....it is being dictated by CAFE, BEV, and pollution/emissions dictates, often without the electric-recharging infrastructure to back it up.
#27
Lexus Fanatic
#28
Lexus Fanatic
Many factors go into it, but the main one is the demand for the stock itself....how many investors are actually buying shares vs. those selling them. But that is sometimes determined more by hype or rumors than by reality.....investors PERCEIVE that the stock is a good value, when in fact conditions under the surface may not be so rosy. And, although it is often illegal, some people buy or sell from insider-trading, price manipulation.
#29
Lexus Fanatic
Many factors go into it, but the main one is the demand for the stock itself....how many investors are actually buying shares vs. those selling them. But that is sometimes determined more by hype or rumors than by reality.....investors PERCEIVE that the stock is a good value, when in fact conditions under the surface may not be so rosy. And, although it is often illegal, some people buy or sell from insider-trading, price manipulation.
Investors are professionals. They know when to buy and sell. Don't you not own stocks anyways?
#30
Lexus Fanatic
Investors themselves don't always agree on when to buy and sell....that's one reason why the market has so many ups and downs.