Yokohama — Nissan says its sales growth in the world’s two biggest vehicle markets will probably slow in the near term as consumer tax breaks end in China, while US tastes move away from the company’s main area of focus. Japan’s biggest vehicle manufacturer by sales, which earlier blamed a strong yen for a 19% drop in second-quarter profit, made the comments on Monday after growth in Chinese and North American retail vehicle sales outperformed many markets in April to September. Sales in China in the six-month period grew 3.8% from a year previously, and Nissan’s head of operations in the country, Jun Seki, expects double-digit sales growth for 2016, aided by economic incentives aimed at stimulating demand. "But as the government’s small-car subsidies wind down at the end of the year, we’re expecting to see a slowdown in sales early next year, and see single-digit growth for the year." Nissan also said recent growth in China’s vehicle market was due mainly to rising demand for domes...
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