Nissan Takes 2022, Q4 Hit
Chip shortage weighs on its sales more than some other competitors.
Nissan's Pathfinder was a big seller in an otherwise down year, the line moving 40% more units.
IMAGE: Nissan
Nissan’s U.S. sales fell 25% last year as the pandemic-fueled computer chips shortage continued, the brand reporting a bigger dip than some competitors experienced.
That shortage has bedeviled the industry, narrowing production, limiting inventories, and resulting in high sticker prices. Now inflation and rising interest rates could combine with it to dampen consumer demand this year.
The Japanese carmaker sold more than 729,000 units in the U.S. last year, down 25.4% year-over-year. That includes sales of its Infiniti luxury line, whose deliveries fell 20.4% to 46,619.
Nissan Division sales, which exclude Infiniti models, dropped 26% to nearly 683,000.
Fourth-quarter sales for the group fell 2% year-over-year to just over 191,000 units. Nissan Division sales fell 3.6% to 177,439.
For the year, the Pathfinder, Altima and Frontier lines boosted sales, the Pathfinder by 40%.
Originally posted on Auto Dealer Today
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