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Mitsubishi Motors Announces Production, Sales and Export Results for April 2003

Tokyo, May 27, 2003 - Mitsubishi Motors Corporation (MMC) today announced production, sales, and export results for April 2003.

Total worldwide production in April decreased 1.6 percent to 125,740 units. Of this, production in Japan was off 5.3 percent at 50,217 units, marking the third straight monthly decline.

Overseas production, meanwhile, saw a slight increase of 1.1 percent to 75,523 units, up for the fourth consecutive month. By area, Asia excluding Japan rose 14.1 percent to 49,475 units. North America dropped 10.7 percent to 17,237 units and European production totaled 5,857 units, down 19.2 percent over the same month last year.

Domestic sales including minicars slipped 11.5 percent on year to 20,111, dragged down by softer sales of the eK Wagon minicar. Registrations, which exclude minicars, continued to grow, up on year for the fifth month thanks to the Colt compact car launched in November last year.

MMC's domestic share including minicars and imports declined marginally to 5.3 percent from 5.6 percent in April 2002.

Exports from Japan declined for the first time in thirteen months, dropping 3.1 percent to 26,943. By area, exports to Asia totaled 3,445 units, North America 8,062 units, and Europe 6,169 units. As a result of the spin-off of MMC's truck and bus operations in January 2003, regional year-on-year changes are not available due to a change in the system used to tally exports.

April '03 Calendar Year 2003
('03/1-'03/4)
Volume YoY Chg.
(%)
Volume YoY Chg.
(%)
Domestic
Production
Passenger Cars
Commercial Vehicles
44,366
5,851
95.9
86.3
221,855
31,710
96.7
86.6
Total 50,217 94.7 253,565 95.3
Domestic
Sales *
Passenger
Cars
Registrations
Minicars
5,839
8,163
111.6
79.3
48,868
57,045
138.3
84.4
Total 14,002 90.2 105,913 102.9
Commercial
Vehicles
Registrations
Minicars
1,425
4,684
59.8
97.3
7,953
24,924
70.2
89.7
Total 6,109 84.9 32,877 84.0
Registrations Total 7,264 95.4 56,821 121.8
Minicars Total 12,847 85.0 81,969 86.0
Grand Total 20,111 88.5 138,790 97.7
Exports Passenger Cars
Commercial Vehicles
25,532
1,411
95.8
123.2
125,946
5,328
107.8
135.4
Total 26,943 96.9 131,274 108.7
Production Domestic
Overseas
50,217
75,523
94.7
101.1
253,565
303,369
95.3
111.2
Total 125,740 98.4 556,934 103.4

* Includes imports