Nissan asks dealers to Sell Cars at big losses to get rid of old inventory
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- Опубликовано: 12 май 2024
- Nissan asks dealers to Sell Cars at big losses to get rid of old inventory
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Nissan and Mitsubishi had such a huge head start in the Ev world, the IMiEV and LEAF were revolutionary, the LEAF is still a decent EV.. but then they simply refused to expand their Ev offerings.
How is Hyundai doing?
The keyword is "were", but they didn't improve the LEAF in any way, even the new version is no different from the old version regarding efficiency and battery management and that is why they are doomed today
What about the Ariya? Also don't forget that Tesla STILL hasn't made an affordable EV like the LEAF, so in that sense, Nissan's range is more complete where it matters than Tesla's. Most of us don't need or want a Cybertruck, or a Model S Plaid, or even a Model X. There are pretty much only 2 market segments that matter, and that is the compact and the SUV, and Nissan has covered both bases with the LEAF and the Ariya.
What about the Sakura and the Ariya?
@@casperhansen826they went from 24kWh, to 30kWh, 40kWh and 62kWh. Improved battery life and performance steadily since 2011 - I guess you didn’t really look at them closely.
One of the best outcomes from the Leaf platform is the Sakura and Ariya.
With their ICE vehicles, there were some that had serious transmission issues. Even 15 years later, the transmissions still had the same issues and were breaking. They know there is a problem, they don't do anything to address them. When you have a company that doesn't care about their customers, they fully deserve to go under. I would not be buying one, even at the discount. When something serious goes wrong, and it surely can... all the money you "saved" will be wiped out.
I am thinking of swapping my ev for an ICE car ….
1. I have heard that petrol cars cannot refuel at home while you sleep? How often do you have to refill elsewhere? Will there be a solution for refuelling at home?
2. Which parts will I need to service and how often? The car salesman mentioned oil in the engine and timing belts that need replacing and a box with gears in it. What is this? How much will this service oil change cost and how often - and what happens to the old oil. Also, apparently these petrol type cars generally stop on the brakes alone - so the brakes wear out much faster - how long will they last compared to my current car which lasts over 100k miles?
3. Do I get fuel back when I slow down or drive downhill?
4. The car I test drove seemed to have a delay from the time I pressed the accelerator pedal until it began to accelerate. Is that normal in petrol cars?
5. We currently pay about 1.2p per mile to drive our electric car. I have heard that petrol can cost up to 8 times as much. Is this true?
6. Is it true that petrol is flammable?
7. I understand that the main ingredient in petrol is oil. Is it true that the extraction and refining of oil causes environmental problems as well as conflicts and major wars that over the last 100 years have cost millions of lives? Is there a solution?
8. I have also been told that you have to transport oil all over the world to turn into petrol or diesel, and these ships have in the past damaged the environment by leaking the oil.
9. I have heard that cars with internal combustion engines are being banned to enter more and more cities around the world, as it is claimed that they tend to harm the environment and health of their citizens? Is that true?
10. I have been told that these internal combustion engines make a noise when you start them - so early starts can wake people up, and driving a lot of internal combustion engine cars in towns makes towns noisy.
11. is it true people can steal the fuel from your tank?
12. what is the drop in range in cold weather, I've been told a car that does 45mpg can drop to 37 mpg in winter - just curious on that one.
13. a friend told me that the exhausts wear out - is that true, and people steal them for the rare material used in them.
14. I was also told - that the exhaust gas isn’t good for you - and if you leave the car running in a confined space - like a garage - you will die - surely that isn’t true is it?
15. next door told me - these petrol cars - carry around 40 to 60 litres of highly flammable liquid which is pumped into a steel cylinder, and its then exploded to generate expanding gas to move a piston, and turn linear motion into rotary motion.
Why would anyone want thousands of explosions happening within a few feet of where your sitting.
16. a guy at work told me - he has a petrol car, and it leaks oil. When he parks it - surely that’s not right is it - leaving dirty marks on the floor and contaminating the environment so directly. How long before this happens if I change.
17. my dad told me - if you buy a diesel car - the hand pump smells very bad, and you have to wear special gloves to stop your hand smelling, and if you spill it on your clothes it terrible.
18. is it true - the petrol and diesel is so dangerous, that you can only buy the fuel at a special filling station, and not anywhere (hotels/Car parks/Home/Work)?
19. while technology is advancing, will I ever be able to refuel my internal combustion car for free using only the sun?
20. would I be better off going straight to horse and cart, and not buying a horseless carriage - they sound pretty awful, burning dinosaur juice and polluting the environment whist funding conflict and war and consuming raw material at an unbelievably high rate.
Very funny.
Hot take
Oh no, the horror of the oil change. Oh, the humanity.
I have heard your house will burn down from pluging in your Electric vehicle
Thanks, what a laugh. Thank God for EV's
I have had a Ariya for over a year and really like it. I would not hesitate in buying another and do not miss buying gas.
Welcome to th pppaaarrrtttddyy
Nissan problems are NOT EV related but the quality and reliability related! They simply went down...and their CVT accelerated the descent. Pity.. My 1999 Altima and 2006 Xtrail were the best vehicles I owned based on the maintenance cost. I would not touch even an Infinity today.
The entire Nissan lineup is plagued by a substandard transmission, and that includes Infiniti.
How can they not know this? It's literally impossible you know how many people I've spoken to who have said the very same thing you just did? I'm one of them and I've owned a few Nissans and an Infiniti
Except the frontier.
Their lousy CVT's aren't helping
Man I suffered on that one - you have to change the CVT fluid very frequently to keep them in good shape.
They called him to save the company. Then they stabbed him in the back. Went back to square one. Continuing race to penny stock good
Nissan is not a Kodak story. Quite the opposite. The Nissan Leaf was out there BEFORE Tesla. Its a Greek tragedy of opportunity squandered.
The original Tesla Roadster was manufactured 2 years before the Leaf. And the Tesla Roadster had a range of over 240 miles.
The original Nissan Leaf range was 73 miles.
Kodak invented the digital camera and then hid because they didn't want to lose film sales.
Same as Kodak eventually
@@steven4315exactly. They came up with the product that killed them in the end because of dumb management.
RIP Nissan. The rest of the Japanese auto industry isn't far behind.
I have a Machiavellian take on this. They want to BK the dealers, then sell direct to the customer.
I think you may be right.
They will be lucky to live that long, Nissan has made so many bad decisions.
I think most manufacturers would love to get rid of dealers - their only benefit is they can take on masses of unsold cars and make the manufacturers numbers look better than they really are. This is why unsold new inventory in the USA has sailed past 3 million vehicles on lots and will be more than 4 million by the end of the year.
Invoice usually hides $5,000 in profit for the dealer I.e. holdback, Floorplan assistance, marketing assistance, promotion on certain products, volume bonuses, PDI, etc. etc.
nissan moved out of the auto mall to some roadside old taco stand where i live.
Has anyone in the US seen an Ariya in the wild? I live near Seattle and see lots of EV's but the only Ariya I have seen was at a Costco at the front door being displayed apparently.
I’ve seen a lot here in the Denver area.
If it is a 2023 the vehicle has taken a years desperation lowering the sales cost is just the reality of the situation. Try trading it back in at any other dealership and see what they are willing to pay for it.
Carlos Ghosn's epic escape story is why Japan auto's fate is sealed in the new energy vehicle transition.
At my local dealer a Nissan Armada lists for $66,760 with a 15% discount = $56,720 - still to rich for my blood. And BTW - They will NOT reduce the price. So bye-bye Nissan. Maybe by the end of the year when things get worse they will come around.
Just because they "advertise" cars below invoice doesn't mean they will actually sell for that. Most buyers are not experts at buying a car and will get ripped off.
Nissan never even released their new XTrail in many countries because the petrol running electric motor thing just didn't make any sense at all for customers
Got Ariya 209!month 0 drive off
Free car no gas bill
I think there are really good deals to be had, my only question is what is the insurance compared to the average car?
@@mkashay it was same to less
Good car good deal
😂😂😂 AND it’s FREE how?????? 😂😂😂
American car companies discount their old stock every year.
In April 2009 I bought a $55,000 Ford Superduty F250 diesel for $35,000.
Nissan refuses to learn, adapt & change for the better, even if that mean backtracking certain technologies (like transmissions or port-injection in some form). Complete lack of self-awareness as a company.
Never seen these big loss sales in Australia
Nissan is in an amazing position in the mid sized truck market as the last one with a naturally aspirated v6. Tacoma fans have been jumping ship due to toyotas move to turbo 4 cylinders and price hikes. If nissan was smart they would drop their msrp more inline with their actual sale price to improve traffic and small interior upgrade of the infotainment system/cameras would make them extremely competitive. A king cab pro4x in the us would also boost sales.
Love my 2023 Ariya Venture +, 304 epa range. Looked at the Y, and decided to go with Nissan
Sorry for you!
What a dumb dumb, enjoy your awful resale value.
@@jjohur nope it’s a excellent vehicle 👍
Got a taste of this in the last week from two Nissan dealers. Literally no interest in service unless you are buying today, literally today.
So sad. I had hoped the Ariya might be the "next big thing".
Waddaya mean useless packages? The Power Dogwasher option is well worth 3 grand!
2018 Rogue 156000 miles and no transmission issues
This dude doesn't like nissan. I see Nissan's everywhere where I live
I'm getting an Ariya on a lease in the UK - great deal and so far I've heard it's a pretty decent EV.
It was the JATCO CVT transmissions that gave Nissan a bad name. There have been many horror stories about these transmissions. I bought 2008 Nissan Versa new. I am approaching 73,000 miles and praying it continues to function. I baby the transmission and had the transmission fluid changed once at the dealer.
I had 2013 Altima that I traded for a Tesla M3. Was a solid car until the trade in 2018. I liked the CVT except I like the no-stink EV more. At this point, no ICE can compete with a Tesla for me. But I’m somewhat baffled with the Nissan hate, cause I didn’t notice much drawbacks to Nissan compared to Toyota Corolla and Honda Odyssey I had. I hated the Odyssey the most tbh.
And btw. I paid 2.5K for my M3, something going wrong with suspension/alignment after 5 years, something worn out cause not addressed earlier. But that compares with Odyssey transmission rebuild $3.5k after about same 5 years(10 years earlier which is more money) and a Tesla brings a lot more enjoyment driving it over those 5 years.
Toyota Corolla was reliable until totaled. Still, in this day and age the stinky and the not self-driving and the not regenerative-braking one-pedal driving is just not acceptable to me. Besides all other software customizations a Tesla allows. And the overnight charging vs wasting time at stinky gas stations. Just no. A big turn off.
@@tleo3333 There are many stories on the internet of Nissan CVT horror stories. You were one of the lucky ones. I hope my luck continues. I'm glad you like your Tesla, but I would never own an EV. I saw a horror story of EV owners waiting for hours to charge their vehicles. The batteries will cost more than the car is worth by the time they need replacement. I've seen videos of these things catching fire. They burn so hot all the fire departments can do is let them burn themselves out. I'm a big proponent of water powered cars as was demonstrated by the inventors Stanely Meyer and Dennis Klien. All those stinky cars you refer to will not be stinky when gasified water (separate hydrogen and oxygen molecules) is powering them.
my dad died in 2020 and left me a 2014 nissan versa with cvt with only 29k miles. If the CVT failed, the car would be worth nothing. So I dumped it at carmax in 2020 for 5k. Kelly blue book said it was worth 7500 bucks selling private. selling privately I couldn't get more than 6k, which I rather take a 1000 bucks less to not deal with the public idiots and scammers.
@@georgestreicher252 the matter of the fact is that ICE burn much more often than EV. Like 10x. If battery management and cell insulation done right, a fire may only happen when a catastrophic physical damage happens to the battery and again, that is a lower fire rate than ICE. Mostly talking about Tesla, cause idk what corners other manufacturers had to cut with less expertise at that. Also, I understand the newer LFP batteries have a much much lower chance of fire.
And the horror stories about EV charging for hours are just that - horror stories designed to make you buy an ICE. Maybe some other EVs have that problem, I never charged for more than 40min in my 5 years of owning a Tesla M3. When you charge at home overnight once a week, you don’t have to stand there and wait. And Superchargers is the only place where I charge when traveling.
All those shady tactics have been going on forever.
Looks good on them. Ever since they railroaded Goshen out of the company, I have promoted boycotting Nissan. The Nissan board trumped up charges of improperly using company expenses for hotel payment and got Goshen tossed in jail. But I am sure the board members have all paid themselves handsomely and have no qualms about sticking it to the share holders.
He's been stealing from Renault as well. It's why he has warrants in France and cannot return there either.
Their CVT transmissions fail in less than 30,000. They are made by Jatco. The words out. They suck.
I think a lot of dealers will sell them & not buy any more & get rid of Nissans.
I dont think Nissan have any stand alone Nissan dealers in Australia at all.
Doesnt matter to me the only ones I bought were still called Datsun
Cheers mate
In the 2010s Nissan had a major market share push in the USA, to get to 10%. This was and is above their "natural" market and is now killing them.
The cvt isn’t Nissans only reliability problem thanks to Renault and Ghosn. They have plenty of other problems as well.
Someone wake me up when they start fire sales for GTRs…
Nissan dealers have had it too good for too long. Time for them to better sell these cars rather than suckling from the manufacturer and public forever
The faster inventory can be burned off the better for everyone. The high profit time was an anomaly and they need to take a loss.
Nissan has a horrible quality reputation due to the continued use of their terrible CV transmissions. They need to dump the CVT ASAP if there is any hope for them in America.
Nobody's buying the things; they are horrible. The dealers are going to have to give them away.
They won't have a choice when it will be sitting there for two years
Nissan should open more dealerships and just sell it $1000 above invoice. Then the old dealers will be forced to go along
@@j.c.4192 Start a dealership; we'll get the popcorn ready. Now, repeats after me: "Nobody's buying these things; they are horrible", regardless of the propaganda. EVs suck, period.
Sorry to say this, but the Nissan Pathfinder was the worst vehicle I have ever owned.
Damn. Ours has been great so far...
Hi Sam you normally do a great analysis , but you got this one wrong. Ghosn destroyed Nissan, he generated great profits by making the cars cheap. Allmost all of the CVT's in all the Nissans fail at some point. He didnt just make the gearboxs junk. He cheapened everything else in the car as well and turned one of the worlds best car makers into one of the worst. I was talking to a grey car importer a month ago. He had 3 Nisaans left and after he sold them he was never importing another Nissan as the only warranty claims he has ever had where on Nissans and they cost him serious money. He has never had a warranty claim on a Toyota.
I feel sorry for Nissan they used to make cars where you could increase the horsepower over 400% and nothing would break and now they make cars that driven gently will break.
With there reputation in tatters. The chinese market lost and falling behind on EV's they are doomed
In the US, Jeep was selling 2023 Renegades for 15% below MSRP. They were selling Challengers and Chargers $10,000 below MSRP.
But has MSRP been increased greatly due to covid? Therefore even a cut in MSRP still making a profit. Make it look like you're getting a bargain?
I owned a Datsun 280z back in the day and service costs were crushing. Even simple services were quite expensive. Now with Tesla my service costs have been zero over the last 3 years.
Luckily your 280z avoided the battery kicking off and burning your house down, so there's that...
I think Nissan's switch to focusing on the U.S. market merely postpones the disaster. It's based on continuing to make and sell ICEs where the ICE market is bigger because EV uptake is slower. And THAT is the wrong approach. If it were up to me, I would shift to EVs as fast as possible knowing I'm going to take a huge financial hit in the process. It's still better than the alternative. This fits with what I know about Japanese culture. Group decision-making is a good thing but they're not very good at being bold and taking chances.
With regards to the US national debt - about 40% of it is internal to the federal government - e.g., debt between trust funds and programs. it is not external to the federal government.
That’s what they get for betraying Carlos he got the last laugh !
Nissan in Thailand should has discounts like this too.
Morning mate
Revux liquidity - a game-changer in the market.
They were having some really steep incentives on the Ariya that have now partially been taken off. I wish I was at the point where I could get rid of my old minivan comfortable and have two EVs
Their rep is bad now. They used to be good, specially the Datsun. I still have my Datsun 510. Heard their CVT trans is POS..
Curious about Revux whitepaper? It's a must-read.
Revux ecosystem - a playground for success.
that is overcapacity
Revux partnerships amplify its credibility.
I used to like Nissan and Infiniti. Had a sentra, maxima, pathfinder, m37, q50 … the designs used to look decent but then just got ugly. They stopped creating compelling models at Infiniti and became outdated like Buicks.
Only certain ones, not the Pathfinder or Frontier. Nissan has been around for almost 100 years they aren’t leaving.
Sounds like Nissan and their dealers have got themselves in a lose-lose situation. The only way out would be for Nissan to make cars that people want, at a price that undercuts all competition. And it will have to be an EV or it wont be around long enough to recoup investment.
they tried that with the leaf and that did not work
Lose-Lose-LOSE (wasn’t Nissan gonna bail out Fisker too?!).
Nissan dealers were always able to sell cars below invoice. The only difference is now Nissan is allowing dealers to advertise prices at less than invoice.
Leaf has dropped from $40k down to $37.
Revux narrative: from potential to prominence.
Nissan switched to an undependable transmission and drove potential customers away.
Leaf
Time for a great deal 😂
Still struggling to be the biggest car exporter in the world.
"Nissan" means "I don't exist" in the Dalmatian (Croatia) dialect.
I did not
better off with a corolla or camry
How will the sales guys make commission?
Revux impact resonates with the crypto curious.
Tesla would never do this - Would they ?
I thought Nissan reported record profits.
Their transmission are no good. Their infotainment is lagging behind, and the standard equipment, even on the top lines don't match up to the other Japanese or Korean cars.
The word is out - Revux is on the rise.
Such a thing has happened in China.
If you look at the price of Nissan in China, you can feel the great pressure they are under.
The dealers will probably jackup the service costs.
Aria is 10k too expensive vs Tesla. And no NACS.
Taking a loss may sell more cars ...the dealer will make it back in service and parts sales .,.the factory should pay for 0% financing as well ...for me too little too late
So, my estate agent wants me to sell my house for a hundred grand less than cost? Sure. I’ll go along to help them 😂
Revux strategy: disrupting and dominating.
all the ICE manufacturers will have to reduce the number of cars they build otherwise they are going to have to sell cars below cost. Clothes Stores have been doing this for years for clothes that don' sell. -) Growth for ICE Manufacturers is a fantasy. -)
Nissan is the legacy auto ICE "Canary in the coal mine".
Dealer should shift to Chinese car brand instead remain under Nissan umbrella if they could no longer profiting
no one is buying ev's on used car market
Because nobody is selling them on the used car market.🤔
Wrong, I bought a used Leaf and I love it!!
I’ll take $10,000 GTR please.
If I ajm not wrong Toyota is the biggest Japanese automaker followed by Nissan.They will be in trouble in a couple of years , beaten by the Chinese BEV Tsunami 🤔
Nissan hired him to save Nissan. He had a lot of success with a couple of car makers in various countries. Carlos did what he was hired for, by bringing out some good cars (like the GTR) and making Nissan profitable. Then they stabbed him in the back, and look where they are now.
Oh yeah and lower the price of the Z and offer a manual transmission in the NISMO version.
Carlos won’t need to wait long …❤
They lose money on every sale but they make it up in volume.
How can negative $ add up to positive $ ?
@@metricstormtrooper it's an old joke.
Japan has a very successful economy, 3rd largest in the world, the Japanese debt to GDP ratio has not resulted in inflation. For most of the past 30 years, Japan has been fighting deflation and using zero and even negative prime interest rates. Most countries still only dream of being as successful as Japan.
I want a Sakura EV below cost please Nissan.
I still cant accept that these Japanese companies will go under . I suspect they are holding back from this initial introduction of EVs and will stake a claim with solid state long range batteries when the market matures . Just a thought .!
Nissan is not going anywhere.
There is much more to an EV than a better battery! Many have tried and Nissan did better than most.😊
Same as tesla cutting prices?😂
Analyzing Revux tokenomics - bullish!
You spelled bullshit wrong
I’ll take a GTR for 30K.
_The future is already here - it's just not evenly distributed._ *-William Gibson* quoted in _The Economist, December 4, 2003_
*Nissan* will cease to exist before 2028. First, their dealerships will drop them like hot potatoes and pay attention to what happens to *Nissan* after that.
The suppliers won't supply, the banks won't bank, and the government won't bail.
And *Nissan* is just the start.
The most boring carmaker among other most boring carmakers from Japan (putting Mazda aside).
Nissan still exists?!