As worldwide automotive sales figures come in, Nissan Motor Co. Ltd reports its performance for the first nine months of fiscal year 2016. The Japanese carmaker saw an operating profit of about 503.2 billion yen, translating to a 6.1% margin on its 8.26 trillion yen revenue.
While the fiscal year isn’t over yet, Nissan Chairman and Chief Executive Officer Carlos Ghosn is confident that the company will meet its target for the said period. He expressed this sentiment due to factors like rising sales in key markets like the US and China.
The US, for instance, saw 1.16 units roll out of showrooms, for a 4.2% rise in profits. This was brought about by continued demand for models like the Rogue and Altima. Chinese market performance, meanwhile, inched up by 8.2% to 929,000 Nissan vehicles. As for European sales, these went up by 5.5% to 474,000 units, helped in no small part by the Qashqai and X-Trail.
As these markets showed sustained growth, Nisan didn’t exactly fare well in markets like Asia and Oceania, Africa, Lain America, and the Middle East, where sales dipped 3.9% to 596,000 vehicles. Its home market of Japan wasn’t exactly as stellar, where only 344,000 Nissans were sold during the period.
As mentioned above, the fiscal year isn’t over yet. So Nissan is still hopeful it will be able to meet its target.
