Nissan says inventory in China back to normal level

YOKOHAMA, Japan Fri Feb 8, 2013 3:47am EST

Related Topics

YOKOHAMA, Japan Feb 8 (Reuters) - Nissan Motor Co 's dealership inventory level in China, where sales and production have suffered since anti-Japan protests broke out last September, has returned to normal, an executive said on Friday.

The Japanese automaker said its dealerships had more than two months of vehicle supply in China at one point after the demonstrations, which were triggered by a row over disputed isles, but that has dropped to about 1.1 to 1.2 months of supply, said Executive Vice President Hiroto Saikawa.

Nissan sold 1.18 million vehicles in China in 2012, down 5.3 percent year-on-year. The carmaker's sales in the world's biggest auto market plunged 31 percent in October-December from the same period a year ago, while they rose 22 percent in January.

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article