NISSAN: Sales stumble 25% in 2022, largely on chip shortages

After 10 years of sputtering start, Nissan groupUS market fortunes showed signs of recovery in 2021. However, it turned out to be short-lived.

Last year, Japanese automakers’ U.S. sales fell 25% as the industry grappled with tight inventories and faced new threats of softening demand in a slowing economy.

The Nissan division sold 682,731 vehicles in 2022, down 26% year-on-year. Meanwhile, last year’s Infiniti sales were down 20% to his 46,619 units.

In the fourth quarter, Nissan Group sales fell 2% to 191,012 units.

Judy Wheeler, Nissan’s vice president of U.S. sales and regional operations, blamed the chip-related supply shortage.

“We are doing well [supply of] We were short on core vehicles, but we were short on smaller vehicles like the Sentra, the Kicks and the Versa,” Wheeler said. car newsrefers to the lack of chips in these models.

Sentra sales were down 40% for the year, Kicks were down 34% and Versa was down 78%.

Semiconductor supplies are “definitely improving, but not as fast as we expected,” Wheeler said. “We face different problems with different suppliers.”