Heads up, Detroit: Nissan's Sales Are Booming
Jun 12th 2013 6:00PM
Updated Jun 12th 2013 7:00PM
Japanese auto giant Nissan was having a so-so year in the U.S., with sales up about 7% -- until May. Last month, Nissan's U.S. sales jumped 25%. What changed?
It turns out that Nissan's North American operation has a new boss, Jose Munoz. As Motley Fool contributor John Rosevear explains in this video, Munoz has big plans to gain ground in the U.S., thanks to the weakening Japanese yen -- and those plans should have Detroit worried.
Nissan surged on this continent, but the biggest auto industry surges are occurring in the world's hottest auto market, China -- and it's set to get even hotter in coming years. A new Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", names two global giants poised to reap big gains from China's auto boom, gains that could drive big rewards for investors. You can read this report right now for free. Just click here for instant access.
The article Heads up, Detroit: Nissan's Sales Are Booming originally appeared on Fool.com.Fool contributor John Rosevear has no position in any stocks mentioned. Follow him on Twitter at @jrosevear. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.