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Mitsubishi Motors Announces Production, Domestic Sales, Exports for July 2004

Tokyo, August 26, 2004 — Mitsubishi Motors Corporation (MMC) today announced production, domestic sales and export results for July 2004.

Global production in July totaled 130,523 units, a decrease of 4.6 percent compared to the same month last year.

Output in Japan slipped 17.7 percent to 53,307 units. Offshore production, meanwhile, gained 7.2 percent on year to 77,216 units. By region, production in Asia increased for the first time in two months, growing 5.7 percent to 51,260 vehicles. European production continued to see strong growth, surging 82.4 percent to 12,324 units as production of the new Mitsubishi Colt for Europe continued to pick up speed. North American output, however, declined in July by 9.7 percent to 10,285 units.

Sales in Japan declined 52.2 percent on year to 15,862 units. Of this, registrations, which exclude 660cc minicars, declined 60.1 percent to 4,711, while minicar sales slipped 47.8 percent on year to 11,151 units. MMC's share of the domestic market in July was 3.1 percent, down from 6.3 percent in July last year.

Exports from Japan grew for the fourth consecutive month in July, gaining 14.4 percent on year to finish at 35,613 units. By region, exports to Asia shot up 93.2 percent on year to 7,470, exports to North America declined 18.2 percent to 4,176 and shipments to Europe were off 22.6 percent at 10,205 units.

July 2004 Fiscal Year
2004
('04/4-'04/7)
Calendar Year
2004
('04/1-'04/7)
Volume YoY
Chg.
(%)
Volume YoY
Chg.
(%)
Volume YoY
Chg.
(%)
Domestic
Production
Passenger Cars 45,945 83.6 171,436 87.2 342,319 91.5
Commercial Vehicles 7,362 75.1 32,020 102.9 66,957 117.5
Total 53,307 82.3 203,456 89.4 409,276 95.0
Domestic
Sales *
Passenger
Cars
Registrations 3,461 34.9 14,279 39.8 44,395 56.3
Minicars 6,216 43.2 26,154 57.8 76,799 81.6
Total 9,677 39.8 40,433 49.9 121,194 70.1
Commercial
Vehicles
Registrations 1,250 66.4 5,289 80.6 13,041 99.7
Minicars 4,935 70.7 19,089 79.9 40,468 91.7
Total 6,185 69.7 24,378 80.1 53,509 93.5
Registrations Total 4,711 39.9 19,568 46.2 57,436 62.5
Minicars Total 11,151 52.2 45,243 65.5 117,267 84.8
Grand Total 15,862 47.8 64,811 58.1 174,703 75.9
Exports Passenger Cars 34,315 114.3 112,632 110.3 198,437 98.0
Commercial Vehicles 1,298 116.8 4,298 91.1 8,980 104.0
Total 35,613 114.4 116,930 109.5 207,417 98.2
Production Domestic Production 53,307 82.3 203,456 89.4 409,276 95.0
Overseas Production 77,216 107.2 288,085 97.7 470,761 90.1
Total 130,523 95.4 491,541 94.1 880,037 92.3

* 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.