Nissan offers Leaf discounts to spur sales - New York News

Nissan offers Leaf discounts to spur sales

Posted: Updated:

DETROIT (AP) — Nissan is offering cheap leases and big discounts on the Leaf because of slow sales of the all-electric car.

Nissan Motor Co. sold only 4,228 Leafs this year through August, almost a third fewer than a year ago.

It also has a big inventory of the cars nationwide. At the end of August it had enough 2012 models in stock to supply dealers for 114 days, according to Ward's AutoInfoBank. Automakers consider a 60-day supply to be optimal.

Earlier this month, Nissan started offering Leafs for $219 per month with $2,999 down for 32 months. That's down from $249 per month earlier in the year.

Also, the TrueCar.com auto pricing site says Nissan raised discounts to $3,250 per Leaf in August from $850 in January.

The Leaf, which can go up to 100 miles on battery power from a single charge, starts at $36,050, including shipping.

Nissan joins General Motors Co., the maker of the Chevrolet Volt in offering cheap leases and big discounts on electric cars. The Volt is the Leaf's main competitor and Chevrolet is discounting the $40,000 car by up to $10,000, including a $249 per month lease deal.

The slow sales are a clear sign that Americans won't buy the expensive electric cars en masse unless the prices are cut, making them competitive with conventional vehicles. With the discounts, Volt sales have quadrupled this year to more than 13,000.

Both cars are eligible for a $7,500 federal tax credit for electric vehicles. The credit is not included in the discounts.

Leaf sales were hurt in part because the company sent vehicles to all 50 states this year, cutting supplies to California, the No. 1 Leaf market last year, said David Reuter, a Nissan spokesman. The company sold almost 10,000 Leafs last year and had hoped to double that this year, he said.

"The sales overall have not met our expectations, but we're working hard to keep pushing," Reuter said.

Globally, Nissan has sold 38,000 Leafs so far this year and is on target to reach expectations of 40,000, he said.

About 70 percent of Leaf sales in the U.S. are purchases, with the rest leases, he said.

The discounts are on 2012 models. The 2013 models won't be at dealers until early next year, when Nissan begins producing them at a factory in Tennessee, Reuter said.

He also said Nissan has bought back two Leafs from customers in Arizona, where the company has received complaints that the batteries aren't holding as much electricity as they did when they were purchases. If the batteries don't hold as much electricity, the cars can't go as far on a charge.

But Reuter said all lithium-ion batteries, including those that power other electric cars and consumer electronics, lose capacity over time. The cars that were replaced had thousands of miles on them and the battery storage capacity loss was normal, he said.

 

Copyright 2012 The Associated Press.

  • Your MoneyMore>>

  • Future of money

    Future of money

    Wednesday, April 16 2014 10:36 PM EDT2014-04-17 02:36:39 GMT
    These days, when you check out of a grocery store, your toughest choice might be cash or credit.  But in a few years, there may be no need to carry dollar bills, credit cards, or stacks of cash.  It might sound like the stuff of science fiction but futurist and social scientist Heather Schlegel says it's not.
    These days, when you check out of a grocery store, your toughest choice might be cash or credit.  But in a few years, there may be no need to carry dollar bills, credit cards, or stacks of cash.  It might sound like the stuff of science fiction but futurist and social scientist Heather Schlegel says it's not.
  • IRS considers taxing work freebies like food

    IRS considers taxing work freebies like food

    Wednesday, April 16 2014 9:11 PM EDT2014-04-17 01:11:44 GMT
    In competitive job markets like Silicon Valley, companies are doing everything they can to entice the best and brightest -- offering freebies that have become the stuff of legend.Employee perks like free food at lavish cafeterias, laundry and even yoga are not unheard of.  But the taxman could soon crack down.  The IRS reportedly is looking at these perks and seeing if these companies need to start paying up for the free stuff they offer employees.
    In competitive job markets like Silicon Valley, companies are doing everything they can to entice the best and brightest -- offering freebies that have become the stuff of legend.Employee perks like free food at lavish cafeterias, laundry and even yoga are not unheard of.  But the taxman could soon crack down.  The IRS reportedly is looking at these perks and seeing if these companies need to start paying up for the free stuff they offer employees.
  • Social streaming video from your iPhone with YEVVO

    Social streaming video from your iPhone with YEVVO

    Wednesday, April 16 2014 8:46 AM EDT2014-04-16 12:46:01 GMT
    We met YEVVO's 26-year-old co-founder and CEO, Ben Rubin, on a rainy day in Madison Square Park. Among the four of us (Ben, me, my photographer, and the representative from Ben's PR firm), we had four smartphones and the free app Rubin created."What if you were going live during this interview and then somebody [online] started asking questions and then [that somebody] actually helped to create the content?" Rubin asked.
    We met YEVVO's 26-year-old co-founder and CEO, Ben Rubin, on a rainy day in Madison Square Park. Among the four of us (Ben, me, my photographer, and the representative from Ben's PR firm), we had four smartphones and the free app Rubin created."What if you were going live during this interview and then somebody [online] started asking questions and then [that somebody] actually helped to create the content?" Rubin asked.
  • Local NewsLocal NewsMore>>

  • Baby found in teen's shopping bag called homicide

    Baby found in teen's shopping bag called homicide

    Wednesday, April 16 2014 11:07 PM EDT2014-04-17 03:07:27 GMT
    The New York City medical examiner has ruled that the death of a baby found in a teenager's shopping bag was a homicide.
    The New York City medical examiner has ruled that the death of a baby found in a teenager's shopping bag was a homicide.
  • Chelsea Clinton: I might run for office

    Chelsea Clinton: I might run for office

    Wednesday, April 16 2014 8:36 PM EDT2014-04-17 00:36:50 GMT
    Chelsea Clinton says she might run for office someday - if she becomes dissatisfied with the job her elected representatives are doing.
    Chelsea Clinton says she might run for office someday - if she becomes dissatisfied with the job her elected representatives are doing.
  • NJ mom charged with trying to kill her 3 teens

    NJ mom charged with trying to kill her 3 children

    Wednesday, April 16 2014 8:25 PM EDT2014-04-17 00:25:35 GMT
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices