• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

2

Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard

3

Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI

1

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

2

Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard

3

Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI

Nissan wants Toyota’s crown

By
Doron Levin
Doron Levin
Down Arrow Button Icon
By
Doron Levin
Doron Levin
Down Arrow Button Icon
May 17, 2012, 5:59 PM ET
Add Fortune on Google for similar content.


2013 Nissan Altima production begins in Smyrna, Tenn.
FORTUNE — Nissan Motor Co. is betting its new Altima will be the ultimate weapon in its battle to top rival Toyota in the hard-fought market for family sedans.

The fifth generation Altima began U.S. production on Tuesday, May 15 and goes on sale in U.S. dealerships this summer. It has a shot at becoming the most popular sedan in the U.S., having already passed Honda’s Accord in sales. Now the company hopes it will out-sell Toyota’s No. 1 Camry within a year.

Nissan, long renowned for excellent engineering, is working hard to overcome a legacy of uninspired marketing that hasn’t made much of a dent in Toyota’s and Honda’s sales. Nissan long made well-regarded vehicles that had difficulty reaching the front ranks of consumer awareness.

Not that Nissan hasn’t sold a lot of Altimas. The first generation rolled off the line in 1992 and, according to the company, Nissan has sold some 4.4 million units since. “[But the] Altima has relied heavily on sales to fleets, rather than retail,” says Michelle Krebs, an analyst for Edmunds.com, an automotive website. That made gaining a reputation with retail customers difficult. “It’s been hard for companies like Nissan and Mazda to break through” the marketing presence of Honda and Toyota, she adds.

MORE: Time for America to cash out of GM?

Tennessee Gov. Bill Haslam, who spoke at Nissan’s Smyrna, Tennessee assembly plant on Tuesday said “if I worked at a certain place in Georgetown, Kentucky I would be nervous about holding on to the No. 1 title.” Haslam, who was invited to help inaugurate production of the new vehicle, was referring to the site of the Toyota plant where the Camry is assembled.

In the first four months of 2012, Nissan sold 112,599 Altimas, almost 30% more than the same period last year. By comparison, Honda sold 96,517 Accords, Toyota sold 142,225 Camrys, Chevrolet sold 80,456 Malibus and Ford sold 85,559 Fusions during the same period.

Bill Krueger, vice chairman of Nissan operations in the Americas, credited improvement in Nissan’s worldwide manufacturing system following the crisis of 1999. At that time French automaker Renault bought a stake and reorganized the company. The system allows Nissan to optimize production at its assembly plants, which are flexible enough to build five or six different models, while keeping quality high and spreading best practices to all its plants. “The building blocks were always there,” says Krueger. “It took the crisis to elevate the system.” What about the Altima’s chances of passing the Camry? “We didn’t make all these improvements to be No. 2,” he says.

MORE: Dodge Dart: Chrysler’s biggest bet yet

That may be easier said than done. The competition is fierce, not just from Toyota but from a resurgent domestic auto industry as well. Consumer Reports rated the 2012 Camry its top family sedan, a title won by the Altima in 2010 and 2011.

More worrisome, Nissan’s dependence on fleet sales doesn’t seem to have ebbed. Volume sales to rental and other fleets at discount prices hurts residual values. Truecar.com reported that, last year, about 26% of Altimas went to fleets, versus less than 1% for Honda Accords and 14.3% ofToyota Camries. So far this year, the year-end closeout of last year’s Altima has been selling at an average transaction price of about $23,500, a 10% discount from the retail price, according to Truecar.

Still, Nissan is pegging its hopes to a shiny new model. The 2013 version, which starts at $21,500, keeps the same basic architecture as the car it replaces but has otherwise been thoroughly redesigned, including new high-tech gizmos such as lane departure warning, blind-spot warning and NASA-inspired seats. Given recent high gasoline prices, Nissan is emphasizing the highway mileage number for its 2.5-liter four cylinder version, 38 miles per gallon.

That leaves Nissan pulling out all the stops to make the model a success, including running three daily assembly shifts at U.S. plants building the car.

About the Author
By Doron Levin
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Markets brace for return to all-out war in Iran amid rising U.S. death toll, while former NATO commander warns Suez Canal could be next
Middle EastIran
Markets brace for return to all-out war in Iran amid rising U.S. death toll, while former NATO commander warns Suez Canal could be next
By Jason MaJuly 19, 2026
3 hours ago
Spain earns $51 million for World Cup win and runner-up Argentina gets $34 million as total payout for all 48 teams hits record-high $871 million
Arts & EntertainmentSports
Spain earns $51 million for World Cup win and runner-up Argentina gets $34 million as total payout for all 48 teams hits record-high $871 million
By Luis Andres Henao, Graham Dunbar and The Associated PressJuly 19, 2026
4 hours ago
Box office debut for ‘The Odyssey’ tops ‘Oppenheimer’ and is Christopher Nolan’s best opening since ‘The Dark Knight Rises’ in 2012
Arts & EntertainmentMovies
Box office debut for ‘The Odyssey’ tops ‘Oppenheimer’ and is Christopher Nolan’s best opening since ‘The Dark Knight Rises’ in 2012
By Jake Coyle and The Associated PressJuly 19, 2026
5 hours ago
Prediction markets Swell to 27% of sports bets during World Cup
Bankingsports betting
Prediction markets Swell to 27% of sports bets during World Cup
By Nathaniel Popper, Chloe Cresswell and BloombergJuly 19, 2026
6 hours ago
U.S. military announces the death of another service member, blaming the ‘controlled detonation’ of a downed Iranian drone in Iraq
Middle EastIran
U.S. military announces the death of another service member, blaming the ‘controlled detonation’ of a downed Iranian drone in Iraq
By Jon Gambrell, Sam Metz, Ben Finley and The Associated PressJuly 19, 2026
6 hours ago
The U.K. is getting a new prime minister, but bond investors are really in charge and ‘hyper-reactive,’ Wall Street veteran says
EconomyUK
The U.K. is getting a new prime minister, but bond investors are really in charge and ‘hyper-reactive,’ Wall Street veteran says
By Jason MaJuly 19, 2026
6 hours ago

Most Popular

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
1 day ago
Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard
AI
Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard
By Aaron Walayat and The ConversationJuly 19, 2026
18 hours ago
Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI
Commentary
Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI
By Svenja GudellJuly 18, 2026
2 days ago
Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight
Middle East
Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight
By Jason MaJuly 18, 2026
1 day ago
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
Economy
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
By Sasha RogelbergJuly 17, 2026
3 days ago
Red Lobster’s 37-year-old CEO waited tables before joining the C-suite—he says it was a crash course in managing ‘difficult people and situations’
Success
Red Lobster’s 37-year-old CEO waited tables before joining the C-suite—he says it was a crash course in managing ‘difficult people and situations’
By Preston ForeJuly 19, 2026
19 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.