EARNINGS REPORTS

The company retailed a total of 240,950 used vehicles in the quarter ending May 31, down 11 percent from the same time last year. Comparable store used-vehicle sales also fell 12.7 percent.

Nissan has returned to full-year profit for the first time in three years and the advance brings Nissan closer to achieving CEO Makoto Uchida’s goal of delivering a sustainable 5 percent operating profit margin.

Rivian reaffirmed its annual production forecast of 25,000 units as it continues to battle supply chain disruptions and high material costs.