Nissan Motor Co., Ltd. released its production, sales, and export figures for May 2024, revealing a nuanced performance across different markets and vehicle categories.
Production Overview
In May 2024, Nissan’s global production reached 274,962 vehicles, marking a slight increase of 0.1% compared to the previous year. This growth was driven by production outside Japan, which rose by 2.1% to 225,789 vehicles. Key contributors to this increase included Mexico and China, which saw significant year-on-year production growth of 7.5% and 18.0%, respectively.
However, production in Japan faced a downturn, declining by 7.9% to 49,173 vehicles. Passenger vehicle production in Japan decreased by 5.0%, while commercial vehicle production dropped sharply by 30.4%.
Sales Performance
Global sales for May 2024 totaled 272,405 vehicles, a decrease of 0.8% from the same period last year. Despite this overall decline, some regions and segments showed positive trends. Sales in North America remained stable, with a notable 0.4% increase in the United States and a 3.9% rise in Mexico. Canada, however, experienced an 11.0% drop in sales.
In Japan, total vehicle sales, including minivehicles, decreased by 3.4% to 31,579 units. Sales of registered vehicles in Japan fell by 11.2%, while minivehicle sales saw a robust increase of 9.9%.
Export Highlights
Exports from Japan exhibited a strong performance, increasing by 11.4% year-on-year to 30,878 vehicles. This growth was led by a 41.7% surge in exports to North America and a 38.8% rise in exports to Europe. Conversely, exports to other regions declined by 38.1%.
Year-to-Date Figures
For the January to May 2024 period, Nissan’s global production totaled 1,367,701 vehicles, a slight decline of 1.9% compared to the same period in 2023. Sales for the same period reached 1,436,052 vehicles, reflecting a 4.0% increase year-on-year. Exports from Japan during this period rose by 3.2% to 163,180 vehicles.
Nissan’s performance in May 2024 underscores the varied dynamics across different markets and vehicle categories. While global production and sales showed mixed results, the company’s export figures from Japan highlighted strong demand in key regions such as North America and Europe. As Nissan navigates these challenges and opportunities, the company’s strategic focus on international markets and diverse vehicle offerings will be crucial in shaping its future growth.
