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Nissan’s Profit fell for the Third Consecutive Quarter - by Evander Klum

Japan’s third-largest automaker and producer high quality Infiniti catalytic converter, Nissan Motor has announced last Tuesday an unfortunate event—its profit fell for the third consecutive quarter resulting from the decline in domestic demands. The Japanese automaker has been able to sell a small volume of light trucks in the US while paying more in taxes.

The net income of Nissan has dropped by 16 percent to ¥92.3 billion, or $765 million within three months ending June 30 from ¥110.2 billion earlier this year according to the statement released by the company last Tuesday. The company’s report was in line with the ¥96 billion estimate made by five analysts that has participated in the survey conducted by Bloomberg. Sales have increased by 11 percent to ¥2.45 trillion in the quarter.

The low sales of Nissan in Japan is attributed to the aging population as well as the lack of new car models, while its sales in the United States was caused by the high cost of gasoline. This has destabilized the benefits of a weaker yen as well as affected the demand for small and midsize car in the US which happens to be Nissan’s largest market.

Takashi Aoki, a fund manager at Mizuho Asset Management said, "Dropping domestic sales...

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