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Mitsubishi Motors Has Best Opening 60-Day Sales of Any Manufacturer in Past Two Decades

Tokyo, November 5, 2002 -Mitsubishi Motors Corporation (MMC) today announced that its Canadian subsidiary-Mitsubishi Motor Sales of Canada, Inc. (MMSCAN)-recorded sales of 1,366 vehicles in October, for a two-month total of 1,569, the highest two-month total of any company launching in Canada in the past 20 plus years.

MMSCAN topped the two-month sales of Saturn, Acura, BMW's Mini, Lexus, Hyundai, Daewoo, Infiniti and Kia.

"We have great momentum with these exceptionally strong gains over September," said Randy Sears, President and Chief Executive Officer, MMSCAN. "Our outstanding network of dealers is seeing great traffic and interest in our vehicles."

MMSCAN launched in Canada this past September with 18 dealers. The dealer network has since grown to 41, ahead of schedule.

Canadians are becoming more aware of the new product offerings available to them. Since the launch of MMSCAN, the index of brand familiarity, people who had either seen or heard something about Mitsubishi Motors, has nearly tripled among light vehicle intenders. Awareness of MMSCAN vehicles is being further enhanced by a national advertising campaign, which commenced on October 7

Sales Results, October 2002: Mitsubishi Motor Sales of Canada, Inc.

  October '02
Month/YTD
2002
CYTD
Passenger Car Sales*
1,225
1,405
Sport Utility Vehicles**
141
164
Total Vehicle Sales
1,366
1,569
US Assembled Cars:
368
443
Imported Cars:
857
962
Imported Truck/SUVs:
141
164
US Assembled Vehicles (1):
368
443
Imported Vehicles (2):
998
1,126

DSR - Daily Selling Rate

Selling Days MTD
October 2002 27
October 2001 26

* Above totals include sales of US assembled Mitsubishi Motors vehicles
** Includes Outlander, Montero Sport and Montero
(1) Galant, Eclipse and Eclipse Spyder
(2) Lancer, Outlander, Montero Sport and Montero