NMAC Loan Volumes Up 10.4% | Auto Finance News | Auto Finance News

NMAC Loan Volumes Up 10.4%

nissanNissan Motor Acceptance reported favorable earnings for its fiscal period ending December 31, 2014. NMAC reported a boost in assets to $52.7 billion up from $47.7 billion reported the previous year, a rise of 10.4%.

Operating profit for Nissan Motor Acceptance was $718 million, up $17 million from $701 million reported in the same period in 2013.

Nissan Motor Company also posted a boost in its earnings during the same fiscal period. Operating profit for the automaker rose 39% during the fiscal period ending December 31 to 496.4 billion yen, $4.7 billion US dollars. Nissan Motor Co. president and CEO Carlos Ghosn credited strong sales in the United States and a normalized yen-to-dollar exchange rate for the boost in earnings.

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