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Genuine Parts Company to Report First Quarter 2024 Results on April 18, 2024
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By mariozhu
Are you looking for auto parts at unbeatable prices? For over 40 years, Geling Auto Parts has been a trusted source for headlights, grilles, bumpers and more!
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By shelitaauto
Source: Gasgoo
link hidden, please login to view Japanese automaker Nissan Motor’s two assembly plants in the southeastern United States have been affected by slowing vehicle sales. Nissan Motor North America expects its U.S. production to decrease by 17 percent in fiscal year 2024 (April 2024 to March 2025). Nissan has already said it will cut its production by 20 percent globally to deal with oversupply and ballooning costs.
Image Source: Nissan
In a planning document sent to auto parts suppliers in November, Nissan projected it would build 503,202 vehicles in Canton, Mississippi, and Smyrna, Tennessee, in fiscal 2024, down from 605,435 in fiscal 2023.
Nissan has informed its auto parts suppliers that its vehicle production for the second half of the fiscal year 2024 (October 2024 to March 2025) will be 12,554 units less than originally planned (i.e. a 4.8% reduction).
Nissan is cutting production of several light trucks, including 6,438 Frontier midsize pickups and 2,010 Rogue compact crossovers. In the first nine months of this year, the two models together accounted for 37% of Nissan’s U.S. sales.
Nissan also plans to reduce production of 2,290 Pathfinder large crossovers and 2,465 Infiniti QX60 midsize crossovers, but plans to increase production of 649 Nissan Altima midsize sedans.
At the same time, Nissan will reduce shifts at some assembly plants from five days a week to four by the end of the year.
Nissan spokesman Brian Brockman said the company adjusted its production forecast in response to a dynamic market to ensure the automaker maintains healthy supply and inventory levels.
Nissan has cut U.S. production several times this year to reduce dealer inventories. U.S. supply of the Nissan brand peaked at 112 days in April, compared with an industry average of 76 days, according to Cox Automotive.
In the first quarter of this year, Nissan reduced its U.S. production by 6%, or about 10,200 vehicles, with the Rogue model accounting for more than 50% of the reduction, and the Pathfinder and Frontier models also affected. In September and October, Nissan cut production of the Rogue and Frontier by as much as 40,000 vehicles.
According to Automotive News Research and Data Center, the Nissan brand has lost more than 25 percent of its market share in the U.S. over the past five years, and its market share has fallen to 5.6 percent in the first nine months of this year. The reduction in Nissan’s vehicle production pushed the profitability of Nissan dealers to its lowest level in nearly 15 years in the first half of this year.
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By Mypafway
Mypafway
https://mypafway.com/
Mypafway is a marketplace for online distribution of automotive part information and one of the leading providers of online marketing services for manufacturers, suppliers and retailers. I'm looking for Economic and Strategic Buyers for Mypafway. You can hit me up via email at [email protected] or on social media. Thanks.
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By Counterman
Auto-Wares Group of Companies announced that it has joined forces with Landon Auto Parts. Landon has five locations in lower Northern Michigan (Boyne City, Charlevoix, Cheboygan, Indian River and Onaway). They join the 42 locations currently operated by
link hidden, please login to view in the Northern and Upper Peninsula of Michigan. Landon Auto Parts and Auto-Wares officially joined operations on October 31, 2024. Landon Auto Parts stores will be rebranded to the Auto Value name and high-quality national-brand products will be available over the next weeks to replace some of the current private-brand products, according to a news release from
link hidden, please login to view. That same news release explained that the Landon family members, their team and their commitments to the Landon Auto Parts customers will stay intact. While the Landon family operates a hardware and lumber business alongside Landon Auto Parts, the partnership will impact only the Landon Auto Parts business—the Landon-owned hardware and lumber businesses will remain owned and operated by the Landon family.
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By CarPartAU
Are you looking for some stores to buy used or new car parts? If so, then Car Part is the place for you. Rather than sharing a limited list of stores, we at Car Part have come with the list of the best link hidden, please login to view. These sites will connect you with a large number of car part sellers across Australia. Without wasting much time, fill out the form and click send a request button. To know more, visit us today.
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