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| Mitsubishi Motors Announces Production, Domestic Sales, Exports for June and First Half 2004 |
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— Asian, European exports show strong first-half gains — |
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Tokyo, July 27, 2004
— Mitsubishi Motors Corporation (MMC) today announced production, domestic sales and export results for June 2004 and the six months to June 30, 2004. Exports to Asia and Europe surged 39.5 percent and 41.2 percent, respectively, for the six months compared to the same period last year.
- June 2004
- Global production in June totaled 127,235 units, a decrease of 5.3 percent compared to the same month last year.
- Output in Japan was off 6.9 percent at 53,833 units. The decline comes on the back of slower production of the Grandis compared to this time last year when the minivan was in full production following its launch on May 14.
- Offshore production slipped 4.1 percent on year to 73,402 units. Production in Asia declined for the first time in two months, dropping 5.1 percent to 46,328 vehicles. North American output also decreased in June, down 35.5 percent on year to 10,025. European production, meanwhile, continued to see strong growth surging 55.7 percent to 11,768 units as production of the new Mitsubishi Colt for Europe continued to pick up speed.
- Sales in Japan declined 47.5 percent on year to 17,991 units. Of this, registrations, which exclude 660cc minicars, declined 64.3 percent to 4,885, while minicars slipped 36.3 percent on year to 13,106 units. MMC's share of the domestic market in June was 3.8 percent, down from 6.9 percent in June last year.
- Exports from Japan grew for the third consecutive month in June, gaining 4.1 percent on year to finish at 28,612 units. By region, exports to Asia were up 2.6 percent to 6,560, exports to North America declined 43 percent to 2,220 and shipments to Europe jumped 17.6 percent on year to 12,279 units.
- January to June 2004
- Global production for the six months ended June 30, 2004, declined 8.3 percent compared to the same period last year to 749,514 vehicles.
- Japanese factories produced 355,969 vehicles in the first half of 2004, or 2.8 percent less than the same period last year.
- Overseas production declined 12.7 percent on year to 393,545 units. Production in Asia declined 8 percent to 259,660 vehicles, North American output decreased 33.5 percent on year to 68,201 and European production slipped 2.8 percent to 38,845 units.
- Domestic sales declined 19.4 percent on year to 158,841 units. Of this, registrations dropped 34.2 percent to 52,725 units, while minicars were off 9.2 percent on year at 106,116. MMC's share of the domestic market for the first six months was 5.3 percent, down from 6.5 percent for the same period last year.
- Total exports from Japan declined 4.6 percent to 171,804 units. By region, exports to Asia and Europe surged 39.5 percent and 41.2 percent to 36,156 and 61,022, respectively, while shipments to North America dropped 67 percent to 19,251 units.
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June 2004 |
Fiscal Year
2004
('04/4-'04/6) |
Calendar Year
2004
('04/1-'04/6) |
| Volume |
YoY
Chg.
(%) |
Volume |
YoY
Chg.
(%) |
Volume |
YoY
Chg.
(%) |
Domestic
Production |
Passenger Cars |
45,813 |
94.5 |
125,491 |
88.6 |
296,374 |
92.9 |
| Commercial Vehicles |
8,020 |
86.0 |
24,658 |
115.6 |
59,595 |
126.3 |
| Total |
53,833 |
93.1 |
150,149 |
92.2 |
355,969 |
97.2 |
Domestic
Sales * |
Passenger
Cars |
Registrations |
3,570 |
30.2 |
10,818 |
41.7 |
40,934 |
59.4 |
| Minicars |
7,551 |
56.9 |
19,938 |
64.6 |
70,583 |
88.5 |
| Total |
11,121 |
44.3 |
30,756 |
54.2 |
111,517 |
75.0 |
Commercial
Vehicles |
Registrations |
1,315 |
71.3 |
4,039 |
86.4 |
11,791 |
105.2 |
| Minicars |
5,555 |
76.1 |
14,154 |
83.8 |
35,533 |
95.7 |
| Total |
6,870 |
75.1 |
18,193 |
84.4 |
47,324 |
97.9 |
| Registrations Total |
4,885 |
35.7 |
14,857 |
48.6 |
52,725 |
65.8 |
| Minicars Total |
13,106 |
63.7 |
34,092 |
71.4 |
106,116 |
90.8 |
| Grand Total |
17,991 |
52.5 |
48,949 |
62.5 |
158,841 |
80.6 |
| Exports |
Passenger Cars |
27,597 |
105.6 |
78,317 |
108.7 |
164,122 |
95.1 |
| Commercial Vehicles |
1,015 |
74.1 |
3,000 |
83.2 |
7,682 |
102.1 |
| Total |
28,612 |
104.1 |
81,317 |
107.4 |
171,804 |
95.4 |
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| Production |
Domestic Production |
53,833 |
93.1 |
150,149 |
92.2 |
355,969 |
97.2 |
| Overseas Production |
73,402 |
95.9 |
210,869 |
94.6 |
393,545 |
87.3 |
| Total |
127,235 |
94.7 |
361,018 |
93.6 |
749,514 |
91.7 |
* Includes imports
| N.B. |
Figures exclude truck and bus units as MMC's truck and bus operations were spun off into Mitsubishi Fuso Truck and Bus Corporation in January 2003. |
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