Ugh … Altima wife bought it right before we met. I knew something looked wrong with the way I typed it and I just couldn’t put my finger on it.
Nissan suffers 99% profit plunge on U.S. hybrid woes -Nikkei Asia
- Thread starter wemay
- Start date
Nissan can’t build a CVT and Ford can’t escape recalls
The one below is one of the less negative takes on the issue.
Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading
Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs.
apnews.com
Toyo has unfathomable losses coming soon from immense numbers of 100% of all production recalls. Hundred thousand v6 engines is probably kinda expensive
Toyota Recalls | MotorSafety.org
www.motorsafety.org
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Nissan is no worse than any of the domestics. They've all got their issues. Go try to buy a Rogue or Pathfinder. They're still selling as soon as they roll off the truck. I believe the Frontier is selling better than it ever did as well.
My brother in law just did a passenger door lock actuator on his 2019. I guess this year range is bad with those. I haven't had an issue with actuators on my Nissan products, but I haven't kept one much past the 5yr/100K mile mark.
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- Oct 25, 2021
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Figure a long block for a TTV6 is probably $2-4k+ plus labor, looking at probably at least $5-7k+ for each one minimum.Nissan can’t build a CVT and Ford can’t escape recalls
The one below is one of the less negative takes on the issue.
Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading
Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs.
Toyo has unfathomable losses coming soon from immense numbers of 100% of all production recalls. Hundred thousand v6 engines is probably kinda expensive
Toyota Recalls | MotorSafety.org
I've owned Pathfinders, Maximas and an Infiniti I30; I would do it all over again. My parents also have owned two Rogues, no problems there either.
Cutting EV prices can’t fix battery electrification goals’ insatiable thirst for rare earth minerals, nor will slashing prices provide any meaningful funding for fortifying the grid to be able to support that new, highly variable load base.
There’s already two things lower prices can’t fix, and we haven’t even discussed the fiscal impossibility of artificially suppressing prices forever by crowdsharing the cost of new EVs with those who chose not to buy one.
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SammyChevelleTypeS3
$50 site donor 2023
In addition to wildly over priced vehicles to make every greedy bit of profit they can, most automakers are suffering from their foolish plan to listen to the government telling them we would all be buying EVs and hybrids. They are all now showing massive losses likely due to the money they ran and dumped into gearing up to make a world full of EVs etc.... that very few people want or can not afford. Most cant even afford the regular ICE vehicles anymore that are priced so high its almost laughable. It is finally coming back to bite the auto makers. They enjoyed years, even a decade or so of just raising the prices at their whim and laughing all the way to the bank as people just kept signing on the lines to buy insane high priced vehicles.
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Wanna bet some of the Beltway’s finest stock traders knew this would happen and shorted all those stocks before this news broke to the public?
SammyChevelleTypeS3
$50 site donor 2023
Wonder how many of our wonderful folks (supposed to be working for us) in Washington DC moved some stocks and options around and made a killing on the same sort of inside information the traders used. No.................. none of them would do that?
Actually the automakers situation was so easy to see coming with all the moves they bragged about there was no need for inside info.Did you read the article? Nissan doesn't make any hybrids so no one is buying their silly SUV's, so they aren't making money...
Honda and Toyota are selling out of their hybrid cars, SUV's, and vans and laughing all the way to the bank as they only offer the hybrid in the extra profit models... My female co-worker just plunked down over the full msrp of $52k for a new hybrid CRV. One of my wife's friends just paid near that for a used Sienna AWD hybrid, and both were dumping a Dodge Caravan that was falling apart, so they were going to get a reliable brand, so Nissan, Ford, GM, Dodge, KIA, Hyundai, weren't an option, and non-hybrids weren't in the race either.
With more women making the buying decision every year, automakers that don't prioritize at least the perception of efficiency and reliability are going get pinched IMO.
No, it's what you call a Nissan with a reman Ultima alternator from O'Reilly
But seriously, the Nissan Kicks is seriously popular. My partner drives one. I can go for a walk around the neighborhood and in 20 minutes see a dozen of them. If it wasn't for that CVT, I think it's a great little vehicle. While the interior on the base ones is awful (we have one at work) the upper trim one my BF drives is genuinely NICE inside. Servicing it is super easy. Air filter, oil change, all can be done in minutes. Just wish it didn't have that CVT. It sounds horrible every time you accelerate.
SammyChevelleTypeS3
$50 site donor 2023
***Delete***
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SammyChevelleTypeS3
$50 site donor 2023
Nissan has been going down for a long time now. I have heard its mainly due to relability issues for years.
Nissan has Epower hybrids overseas since 2015.
They are cheap, solve the cvt transmission issues but they have poor highway fuel economy, but they do well in city and could easily be made into PHEV.
Too bad Nissan has given up on the us
While I didn't even consider Nissan, I pretty much looked only at the Mazda CX-30 and the Mazda CX-5. (Liked the 400# lighter CX-30 with the same power train better.)
Not all dealers are ready to deal.
Either they didn't have what I wanted, a CX-30 Turbo Premium Plus in Blue or Black, or they wanted to play silly dealership games. I just needed an OTD price for the car and if it was decent, I would have put down a deposit and picked up the car on Monday. (I was away at my BiL's memorial service and trying to get a deal done before we travelled to VT.)
I gave him my number and said if it's good, I'll put down a deposit over the phone, Venmo, CashApp, Debit Card, whatever.
Silly dealership games, offer doesn't go forward without money attached.
I said pass, he'd already forgot I was there and test drove both cars and wanted the CX-30. So I didn't trust this guy.
I waited a month and found a '23 Certified Pre-Owned CX-30 TPP with 3k miles on it, their service loaner and bought it for 20% off of MSRP with their "documentation fee" as part of that price.
Deal was done in 30-60 minutes. Extra 12/12k of bumper to bumper and the powertrain went to 7/100k instead of the 5/60k.
The bottom line was at least from my view, not all dealers are ready to deal. Some want to play silly dealer games.
I bought from the one who was moving the metal.
I suspect the same is true in Nissan stores. They are further hampered by not having anything appealing (to me) to sell.
I think they depended on moving Altimas to people they could get financed and with credit more expensive and tight, that's not happening. (Or Kicks, or other models in that price range.)
Not all dealers are ready to deal.
Either they didn't have what I wanted, a CX-30 Turbo Premium Plus in Blue or Black, or they wanted to play silly dealership games. I just needed an OTD price for the car and if it was decent, I would have put down a deposit and picked up the car on Monday. (I was away at my BiL's memorial service and trying to get a deal done before we travelled to VT.)
I gave him my number and said if it's good, I'll put down a deposit over the phone, Venmo, CashApp, Debit Card, whatever.
Silly dealership games, offer doesn't go forward without money attached.
I said pass, he'd already forgot I was there and test drove both cars and wanted the CX-30. So I didn't trust this guy.
I waited a month and found a '23 Certified Pre-Owned CX-30 TPP with 3k miles on it, their service loaner and bought it for 20% off of MSRP with their "documentation fee" as part of that price.
Deal was done in 30-60 minutes. Extra 12/12k of bumper to bumper and the powertrain went to 7/100k instead of the 5/60k.
The bottom line was at least from my view, not all dealers are ready to deal. Some want to play silly dealer games.
I bought from the one who was moving the metal.
I suspect the same is true in Nissan stores. They are further hampered by not having anything appealing (to me) to sell.
I think they depended on moving Altimas to people they could get financed and with credit more expensive and tight, that's not happening. (Or Kicks, or other models in that price range.)
No shocker. Nissan has always been the company you buy the car and regret not buying a Honda or Toyota or now even Mazda.
The stoppage of selling hybrids in USA they deserve it.
The stoppage of selling hybrids in USA they deserve it.
It's not just Nissan. Inventories are growing and sales show a slight decline from last year, leading to lower margins and lower profits for all actors.
Increased financing costs for both dealers and buyers have further eroded margins.
A couple of side points:
First, I can only surmise that many HEV and PHEV buyers fail to do the simple arithmetic involved in determining what price makes sense for these vehicles, so I can only conclude that many of these buyers will remain underwater WRT their fuel savings ever covering the price premium they paid for their purchases.
Second, a number of makers have become wholly dependent upon sales of large, heavy and costly vehicles as their bread and butter. Should the market turn, as it inevitably must at some point, these makers are ill-equipped to pivot to any different type of vehicle. Those who think this won't or can't happen ignore the history of businesses as a whole.
Increased financing costs for both dealers and buyers have further eroded margins.
A couple of side points:
First, I can only surmise that many HEV and PHEV buyers fail to do the simple arithmetic involved in determining what price makes sense for these vehicles, so I can only conclude that many of these buyers will remain underwater WRT their fuel savings ever covering the price premium they paid for their purchases.
Second, a number of makers have become wholly dependent upon sales of large, heavy and costly vehicles as their bread and butter. Should the market turn, as it inevitably must at some point, these makers are ill-equipped to pivot to any different type of vehicle. Those who think this won't or can't happen ignore the history of businesses as a whole.
To have a reliable Nissan all one needs to do is get one without a CVT.