Nissan is down nearly -30%
And Mitsubishi is down nearly -39%
Which has brought this unstable alliance down by -28.1% overall
LEGACY AUTOMAKERS - 2020 NOVEMBER YTD
As we approach the close of the year, how do the legacy automakers see themselves in 2020 ?
Total global industry volume is down -16% so far, and the two largest players reflect that same reality
Nissan is down nearly -30%
And Mitsubishi is down nearly -39%
Which has brought this unstable alliance down by -28.1% overall
And many things about them are not quite as robust as they would have you believe
Let’s touch upon a few :
1. A lot of the volume that VW likes to report does not actually belong to them
3. So when VW actually files its own financial statements, a large part of this volume does not get included
4. On this particular scorecard they are reporting production and not sales
6. Any reports of sales numbers from legacy automakers have proven to be unreliable, and are prone to “sales reporting abuses”
8. And then there are numerous differences in reporting protocols
9. Toyota reports production and sales
– which can be cars dumped on dealer lots, or actual sales to customers
11. Volkswagen also makes its numbers very hard to find
- but Renault now reports sales
- and Nissan reports its data on a fiscal year April through March basis only
- do they truly create efficiencies and economies of scale ?
14. FCA will soon combine with PSA to create an entity with 2019 volume of 7.751 million units
- which would make it bigger than VW with 6.908 million units
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