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    7201   JP3672400003

NISSAN MOTOR CO LTD

(7201)
  Report
Delayed Japan Exchange  -  09:30 2022-11-28 pm EST
490.80 JPY   -2.23%
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Inflation to put U.S. auto industry in low gear

10/03/2022 | 06:10am EST
FILE PHOTO: FILE PHOTO: Logo of Detroit-based Ford Motor Co

(Reuters) - Major automakers are expected to report modest declines in U.S. new vehicle sales on Monday but analysts and investors are concerned that a darkening economic picture, not inventory shortages, will lead to a drop in future car sales.

Thus far, a shortage of cars due to supply disruptions, combined with a preference for personal transport, has seen consumers willing to shell out more money, largely protecting profits at automakers and auto dealers who have pulled back on discounts.

But used-car dealer CarMax Inc rang the alarm bells on Thursday, suggesting consumers were beginning to pull back from big-ticket purchases due to decades-high inflation.

Analysts now warn demand may lose steam in the coming quarters as rising interest rates discourage consumers from paying more money for cars and trucks in the coming months.

"We are paying close attention to how the industry will react to these concerns. Perhaps there will be more incentives, longer finance terms, or a combination of these," said TrueCar analyst Zack Krelle.

More incentives might mean auto margins starting to shrink, as the industry finally begins to feel the pinch of inflation that has hurt other consumer sectors.

Third-quarter sales, however, will be more about parts shortages. Ford Motor Co last month forecast it had about 40,000 to 45,000 vehicles in inventory at the end of the third quarter without some parts.

GM BEATS TOYOTA AGAIN

General Motors Co is set to outsell Toyota Motor Corp for the second consecutive quarter on improved inventory levels, according to industry consultants Edmunds and Cox Automotive.

GM, Ford and Tesla Inc will be among the biggest gainers year over year in the third quarter, with many Japanese brands - still struggling with inventory issues - booking the most significant declines, Cox said.

Edmunds said 3,393,988 new cars and trucks will be sold in the United States in the third quarter, a 0.9% decrease from a year earlier.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Maju Samuel)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CARMAX, INC. -1.80% 65.56 Delayed Quote.-49.66%
CARPARTS.COM, INC. -0.94% 5.29 Delayed Quote.-52.77%
FORD MOTOR COMPANY -2.49% 13.73 Delayed Quote.-32.21%
GENERAL MOTORS COMPANY -2.67% 39.38 Delayed Quote.-30.99%
NISSAN MOTOR CO LTD -2.23% 490.8 Delayed Quote.-9.25%
TESLA, INC. 0.03% 182.92 Delayed Quote.-48.07%
TOYOTA INDUSTRIES CORPORATION -1.89% 7770 Delayed Quote.-14.36%
TOYOTA MOTOR CORPORATION -1.18% 2009 Delayed Quote.-2.42%
TRUECAR, INC. -0.80% 2.49 Delayed Quote.-26.18%
All news about NISSAN MOTOR CO LTD
03:06aThree Dead, Nine Injured in Lagos-Ibadan Expressway Accident
AQ
12:05aNissan Motor : launches the all-new Serena in Japan
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11/24Central Scientific Research Automobile and Automotive Engine Institute completed the ac..
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11/23Russia relaunches production of Soviet-era Moskvich at ex-Renault plant - agencies
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11/212023 Nissan Armada pricing starts at $50,400
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11/18Nissan Z named as finalist for North American Car of the Year
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11/18Nissan, Renault talks should not be politicised, Macron says
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11/18Electric vehicle tax set to send green car market into reverse, warns Nissan
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11/16French Carmaker Renault Could Trim Stake in Japan's Nissan to Balance Alliance
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11/16Renault considers transferring over half of Nissan stake to match holdings - Nikkei
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More news
Analyst Recommendations on NISSAN MOTOR CO LTD
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Financials
Sales 2023 10 312 B 74 255 M 74 255 M
Net income 2023 206 B 1 486 M 1 486 M
Net Debt 2023 4 817 B 34 687 M 34 687 M
P/E ratio 2023 9,56x
Yield 2023 1,88%
Capitalization 1 966 B 14 158 M 14 158 M
EV / Sales 2023 0,66x
EV / Sales 2024 0,63x
Nbr of Employees 134 111
Free-Float 45,7%
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Technical analysis trends NISSAN MOTOR CO LTD
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 502,00 JPY
Average target price 670,59 JPY
Spread / Average Target 33,6%
EPS Revisions
Managers and Directors
Makoto Uchida Program Director
Stephen Ma Chief Supervisor
Yasushi Kimura Chairman
Kunio Nakaguro Executive Vice President, Head-R&D
Yasunobu Matoba Chief Information Officer & Head-Global IT
Sector and Competitors
1st jan.Capi. (M$)
NISSAN MOTOR CO LTD-9.25%14 189
TOYOTA MOTOR CORPORATION-2.42%201 353
VOLKSWAGEN AG-23.80%85 448
MERCEDES-BENZ GROUP AG-9.00%69 383
GENERAL MOTORS COMPANY-30.99%57 481
FORD MOTOR COMPANY-32.21%56 609