SUPPLEMENTAL NISSAN NEWS From: Corporate Communications Dept.
A30-SN-8086 Date: November 19, 1998
SUBJECT: Nissan Results for October 1998
October 1998 Year-to-Year
Units Change
Domestic Production 129,094 - 6.4%
Passenger cars 111,094 - 7.3%
Commercial vehicles 18,000 0.0%
Domestic Sales* 61,857 -14.0%
Passenger cars 47,924 - 3.2%
Commercial vehicles 13,933 -37.7%
Vehicle Exports 61,886 0.0%
Passenger cars 48,809 - 9.2%
Commercial vehicles 13,077 60.8%
Worldwide Production 215,539 - 10.8%
Domestic 129,094 - 6.4%
Overseas** 86,445 - 16.8%
* Domestic sales figures include sales of vehicles imported from Nissanfs manufacturing companies overseas.
** Overseas production figures represent the output at offshore companies to which Nissan supplies components for local vehicle production, and do not include vehicles produced on a knockdown basis.
NOTES:
1. Nissanfs domestic production in October decreased 6.4% to 129,094 units from a year earlier, marking the first decline in two months.
Overseas production was down 16.8% to 86,445 units compared with that of
last October, marking 4th straight month of year-on-year decrease due to inventory
adjustments in North America and Mexico and weak sales in Asia.
2. Nissanfs domestic sales in October decreased 14.0% to 61,857 units, marking the 5th consecutive year-on-year decrease, reflecting generally sluggish total demand in the domestic market, which declined 17.1% from a year ago to 322,713 units. As a result, Nissanfs market share was up 0.7 points to 19.2% compared with that for last October.
3. Nissanfs exports in October were almost at the same level as those for last October.
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