January 4, 1983 - 1982 has come to a close. As the Nifty S and Nifty Deluxe are now officially on sale, let’s take a look back at the year that was 1982.
Fruinian Touring Car Championship
The Tango Turismo is languishing in the FTCC. Our former drivers are winning championships for other teams and we’ve lost long-time partner Segelson Motorsports. It was not a good year, as our car was never really competitive. Congratulations to Justin Cochran, for winning his second title in his Viking 800.
FTCC Final Standings:
14th - Kevin Steen (Nassau Peformance)
16th - Marco Andres (Nassau Performance)
Trans-Gasmean Racing Series
1982 saw the Raider XF slide a little bit as the competition level increased. We failed to repeat as champions, but still had a good year. Congratulations to Rick Kovac and his Whitaker Panther M6 on their championship.
Trans-Gas Final Standings:
3rd - Dan Limon (Nassau Performance) - 3 victories
6th - Marc Martin (Allroad Motorsport) - 2 victories
8th - Mike Mitchell (Johnson Brothers)
11th - John Rankin (Nassau Performance)
12th - Derrick Davis (Johnson Brothers)
17th - Ted Stanley (Allroad Motorsport)
Our win at the 1981 Daytona 500 may have been a fluke, but our driver’s name is still on the trophy. The 1982 season was more of the same for the Galleon Grand Coupe. It’s a good car, but the Gasmean automakers clearly have us beat in stock car racing. Congratulations to 2-time champion Greg Valentine and his Lutz Tampa.
GASCAR Final Standings:
18th - Albert Snow (Mack Motorsports)
20th - Duke Michaels (Michaels Motorsport)
28th - Bobby Sanders (Sanders Racing)
1982 was very good for Nassau financially. We took in $5.7 billion in revenue, earning $202 million in profits.
We’re going to need those profits, as our current lineup is beginning to show its age and some of our models are coming due for replacement.
The economic recovery has hit a speed bump as we saw markets contract slightly this year. We don’t expect this to last long though.
Sales wise, this year was pretty steady for Nassau. We had our best month in January and saw sales slide each month afterward.
Even with the sales slide, we again had a record year, selling 581,947 cars. This was up 3k from 1981. Our competitors have been releasing new products though, and our current models are beginning to fall behind.
The Tango compact lineup increased significantly over last year and nearly matched its best total ever, achieved in 1980. This year we sold 416,179 hatchbacks.
Leading the charge once again was the 1982 Tango 5R. It saw sales bump up slightly to 242,859 units.
The Tango 5S saw sales rise as well, up to 164,479 cars. This was its best year ever.
The Tango Turismo continued its sales drop. After selling nearly 20k in its first year on the market, sales have dropped considerably. This year the 3 door sold only 8,841 units. With the Nifty coming online for 1983, this could be the last year for the Tango Turismo.
After becoming the best selling generation of our sports coupe last year, sales for the Raider remained stable. This year we sold a total of 64,036.
The base model Raider S dropped slightly, down to 28,426 units.
The top of the line Raider XF V8 sales for 1982 were nearly identical to 1981. This year we sold 35,610.
Our Galleon lineup saw a slight overall sales decrease this year, caused mostly by a drop in sales for the Grand Coupe and the discontinuation of the Runabout. In total we sold 101,732.
The Galleon S was the top seller of the lineup, recording 47,303 sales.
Sales for the Galleon SE were nearly identical to last year, selling 31,012 units.
The Galleon Grand Coupe saw its sales drop for the first time since 1980. This year we sold 23,417.
242,859 - Tango 5R (+1%)
164,479 - Tango 5S (+2%)
47,303 - Galleon S (+3%)
35,610 - Raider XF (-)
31,012 - Galleon SE (+3%)
28,426 - Raider S (-3%)
23,417 - Galleon Grand Coupe (-3%)
8,841 - Tango Turismo (-7%)
For 1982, the CAFE regulations required that our cars sold average 20mpg.
Unfortunately, we did not hit that number. In fact, our average went down as sales of the Galleon have increased quite a bit since 1980. For not hitting the target, we have been fined $10 million (this will be accomplished using the R&D tab). Should we fail to hit the 1986 target, we could see even bigger penalties.