Nissan Motor Co., Ltd. has released its production, sales, and export figures for June 2024 and the first half of the year, revealing significant declines across multiple metrics.
Production: In June 2024, global production dropped by 16.3% year-on-year to 246,411 vehicles. Japan’s production saw an 18.2% decline, amounting to 51,053 vehicles. Outside Japan, production fell by 15.8% to 195,358 vehicles. For the January to June 2024 period, global production decreased by 4.4%, with Japan and international markets both witnessing a 4.4% reduction in output.
Sales: Global sales in June 2024 decreased by 5.1% to 275,638 vehicles. Sales in Japan, including minivehicles, fell by 10.8%. The decline was sharper for registered vehicles at 15.9%, while minivehicle sales slightly decreased by 1.0%. Conversely, sales outside Japan dropped by 4.2%. However, for the first half of 2024, global sales increased by 2.4%, with a notable 3.2% rise in markets outside Japan. Minivehicle sales in Japan also saw a minor increase of 0.8%.
Exports: Exports from Japan in June 2024 decreased by 15.5% year-on-year to 29,989 vehicles. Despite the monthly decline, the total exports for the first half of 2024 remained relatively stable with a slight 0.2% decrease, totaling 193,169 vehicles.
Nissan faces challenges as it navigates a downturn in production and sales, with global production and exports showing significant decreases in June 2024. However, the company managed to achieve a modest increase in global sales for the first half of the year, driven by growth in international markets. As the automotive industry grapples with these fluctuations, Nissan’s performance highlights the complexities of the current market environment.
