South America: Nissan Sales Jump 14.3% in South America

Nissan’s sales increased 14.3% in South America for fiscal year 2017, and total vehicle sales in the region were the most since the company started operations in the market in 2014.

Nissan sold sold 207,000 vehicles in Latin America for the 2017 fiscal year, which ended on March 31, 2018, according to the automaker. The number was bolstered heavily by sales in Argentina, which was 71.1% over the previous ear. Overall market share rose 4.7%.

Meanwhile, sales in Brazil increased 26% from the previous year, with Nissan Kicks accounting for 46% of sales in the market, according to Nissan. The automaker ended in third place in the Colombian market, to wrap the 2017 fiscal year, with a share of 9.3%, and it also positioned itself as the highest-selling vehicle importer.

Sales in Chile rose 16%, which made Nissan fourth in market share for the region, while also establishing a 12% share in the SUV market, said Nissan.

Also, Nissan’s newly established Peru subsidiary closed the fiscal year with 4.8% market share for its region.