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Nissan Shocks With 28% Sales Plunge

  • Japanese carmaker’s total deliveries plummeted 28% in April
  • Industry sales pace accelerates due to quirk of the calendar
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Nissan Motor’s U.S. sales plunged last month, shocking some analysts. Bloomberg’s Kevin Buckland reports.(Source: Bloomberg)
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Nissan Motor Co.’s U.S. sales plunged last month, shocking some analysts and dragging on what was otherwise a strong April for auto demand.

The Japanese automaker’s deliveries declined 28 percent in April, with almost every model in the Nissan and Infiniti lineups falling. Nissan shares fell as much as 1.8 percent in Tokyo trading Wednesday. While Ford Motor Co. and Fiat Chrysler Automobiles NV beat analysts’ estimates, their shares reversed gains after Nissan’s report.