I mean but if its just an 18-24 month lease - odds are you will be fine for the time being…
For them to completely fold, is doubtful. They may do Ch 11 and shed their debt. Nissan/Infiniti is too massive to just shut doors like Fisker did
While I personally see the risk as being fairly low in that category, even more so if you lease the vehicle, I understand that we all have a different risk / reward matrix that we follow. Clearly I am in the minority with this take, but vehicles do not spontaneously combust 2 days and 6 miles outside of warranty. I’ve been the second or third owner on a number of vehicles that have all been out of warranty and have just never experienced these catastrophic failures that everyone else apparently has. As I mentioned the other day on here, you could give someone 2021 Nissan Frontier Pro-4X that’s 2 days or 3 miles out of warranty for free and the first response out of some people on LH would be, “let me think about it, but it’s out of warranty so I am probably going to pass on it”.
As to your second point about parts, I’d imagine even if they went fully bankrupt a network of parts suppliers would arise fairly quickly. One of the interesting things that has ironically kept Nissan / Infiniti afloat all these years is those partnerships with Mitsubishi and Renault in that it drove their cost structure down through economies of scale on so many generic parts that go in all vehicles.
The third point is that this is LH, after all, its only yours for the term of the lease.
If anything I could see a Ch 11 or I could see it being split up with Mitsubishi / Renault taking Europe / Asia and Honda taking the US market in which they could just build upon the SUV / truck segment and have something other than a Ridgeline that looks like a minivan married an Avalanche in a weird way.
I don’t disagree at all, but if you told me 2 years ago that Intel would lose over $150 billion in value I would also say “no way” to that as well.
Not sure I would jump in either!
https://www.thestreet.com/automotive/nissans-financial-nightmare-is-making-its-us-dealers-lose-sleep
Keep it real, it is also a Nissan regardless. So there’s that as well.
https://www.autoblog.com/news/infiniti-merging-dealerships-with-nissan-as-sales-plummet
What co-location looks like
The co-location model allows Infiniti and Nissan dealerships to share a physical address but requires them to maintain distinct identities. For example, Infiniti mandates separate entrances, showrooms, and lounges for its customers, as well as unique sales and service teams. However, behind-the-scenes operations, like administrative support, can be shared between the brands.
The Hyundai-Genesis experience.
The pinnacle of which was the Equus being sold out of Hyundai dealers, who were as ill equipped to sell that as VW dealers were the Phaeton.
I’m probably going to get cooked for saying this, but I don’t think Nissan makes bad cars, they just make horrible value ones. Even the Savagegeese guys had some positive things to say about the new Kicks, but coming in close to $32,000 and you can’t even get power heated seats, they can’t compete with a similar Hyundai or Kia.
When reputations falter they are very hard to revive. The domestic 3 survived similar seek-inflicted wounds because of all the trucks they sell but their cars are as dead as dodos.
Nissan has nothing like that to fall back on.
Besides, MSRPs like the Kicks’ mean nothing except a big discount to woo the uninformed and pack more NE under the LTV limits. Soon they’ll just be a subprime lender that just happens to build cars.
Even the first time Fisker failed, its warranties and the Takata recall were honored by the purchaser (Karma Automotive). I think it’s pretty unlikely that nobody could get a good enough deal on Nissan’s assets to honor their warranties, and hopefully the bankruptcy judge will prioritize that to limit the damage to the overall market.
https://www.caranddriver.com/news/a63162866/infiniti-dealers-merging-nissan-stores-save-money/
On average, an Infiniti dealership only sells 24 cars per month??? I don’t know what “normal” is, but that sound… bad.
Maybe they bring back Carlito…
if gangs and drug dealers can run their businesses from jail…why can’t nissan?
Who remember 99% residual after 18th months for Nissan trucks or 87% for Leaf?
I was doing some numbers on a Pathfinder RockCreek, and here in CA you basically want around 17-18% off MSRP for the numbers to make sense enough to get one…
Also, surprisingly the RockCreek’s RV is the lowest of all trims. Or maybe not surprisingly at all and I am just not thinking it through enough, but thought the AWD “off road” trim would have a higher RV.
Is that article legit? No other news outlet seems to be reporting a Nissan bankruptcy having been filed?
Article title says they “filed” but also said they are “going bankrupt” later on.
TBH i do not know what is legit these days LOL
They said “files” but when and if…
Well, there has apparently been a shakeup…
Don’t really see someone from FCA doing much to improve Nissan’s product portfolio… (although the EV Jeep GC at the LA show looked great)