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| Mitsubishi Motors Announces Production, Sales and Exports for December 2004, Calendar Year 2004 |
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Tokyo, January 25, 2005
— Mitsubishi Motors Corporation (MMC) today announced production, domestic sales and export results for December 2004 and for the calendar year 2004. Overall domestic sales for the calendar year totaled 255,221 units, 30.5 percent below the level reached in 2003, while the global total exceeded 1.4 million units.
- December 2004 results
- Total global production attained 104,821 units, a decline of 11.6 percent from December 2003. Domestically, 49,127 units were produced in the month, 17.9 percent less than the same period last year. Commercial vehicle production saw a 16.1 percent rise, but the overall figure fell due to lowered output of passenger cars.
Sales in Japan tallied 18,500 units, a figure that exceeds the targeted goal of 60 percent of last year's sales for the month. This was driven by good results for commercial vehicles, in particular minicars such as the Minicab truck and van. Overall, commercial minicar sales came to 4,820 units or 84.7 percent of last year's figures.
Overseas production for the month was relatively stable, reaching 55,694 units, a total that represents 94.7 percent of the amount manufactured last year. European production surged ahead by 17.8 percent to 6,868 units, while Asian production remained steady at 39,649, or 99 percent of last year's figure for December. Production in North America was adjusted, and reduced by 29.8 percent to 6,692 units.
Exports from Japan were off by 21.8 percent at 34,358 units. Europe continued its relatively strong performance with 10,352 units shipped, a year-on-year decrease of 1.5 percent. Exports to Asia were down by 42.6 percent, however, for a total of 3,245 units, while exports to North America reached 5,877 units, or 61.3 percent less than the year before.
- Calendar year 2004 results
- Global production reached 1,413,403 units, a 10.6 percent reduction, as the substantial growth in Asia and Europe was offset by declines in North America and Japan. Domestically, market share for the year was 4.4 percent.
Total domestic production was 639,883 units, 14.6 percent behind 2003's total. Although production in commercial vehicles was up by 3.4 percent, this gain was displaced by a 17.5 percent drop in passenger car production.
Growth of exports to Europe, as well as production in the region, was robust. 113,025 units were shipped to the area, a 16.2 percent increase. This was driven by gains in Russia, where 30,037 units were sold or 69.7 percent over 2003, and the introduction of the Grandis minivan to the European market. Production also jumped by 15.8 percent to 95,697 units, lead by manufacturing of the Colt, which hit the market in May, 2004.
In Asia, 513,762 units were produced, a slight decrease of 1.4 percent. This occurred due to the tightening of monetary policy in China, resulting in lower than expected sales, which caused an 18 percent reduction in production. But this was countered by a 28 percent rise in production in Thailand, driven by expanded exports to Europe.
In North America, the move away from fleet sales and the adjustment to inventory required a reduction in output, which reached 113,307 units or 34.8 percent off last year. This also resulted in fewer exports, which stood at 44,000, 62.2 percent down from 2003.
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December
2004 |
Fiscal Year
2004
('04/4-'04/12) |
Calendar Year
2004
('04/1-'04/12) |
| Volume |
YoY
Chg.
(%) |
Volume |
YoY
Chg.
(%) |
Volume |
YoY
Chg.
(%) |
Domestic
Production |
Passenger Cars |
39,981 |
77.0 |
361,600 |
77.3 |
532,483 |
82.5 |
| Commercial Vehicles |
9,146 |
116.1 |
72,463 |
92.9 |
107,400 |
103.4 |
| Total |
49,127 |
82.1 |
434,063 |
79.5 |
639,883 |
85.4 |
Domestic
Sales * |
Passenger
Cars |
Registrations |
5,200 |
57.7 |
33,236 |
44.7 |
63,352 |
53.9 |
| Minicars |
7,208 |
54.7 |
58,698 |
56.3 |
109,343 |
71.4 |
| Total |
12,408 |
55.9 |
91,934 |
51.5 |
172,695 |
63.8 |
Commercial
Vehicles |
Registrations |
1,272 |
70.7 |
11,244 |
74.7 |
18,996 |
88.0 |
| Minicars |
4,820 |
84.7 |
42,151 |
77.0 |
63,530 |
84.8 |
| Total |
6,092 |
81.3 |
53,395 |
76.5 |
82,526 |
85.5 |
| Registrations Total |
6,472 |
59.8 |
44,480 |
49.7 |
82,348 |
59.2 |
| Minicars Total |
12,028 |
63.8 |
100,849 |
63.5 |
172,873 |
75.8 |
| Grand Total |
18,500 |
62.3 |
145,329 |
58.5 |
255,221 |
69.5 |
| Exports |
Passenger Cars |
32,789 |
76.9 |
261,892 |
95.4 |
347,697 |
92.7 |
| Commercial Vehicles |
1,569 |
121.2 |
10,682 |
97.3 |
15,364 |
103.2 |
| Total |
34,358 |
78.2 |
272,574 |
95.4 |
363,061 |
93.1 |
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| Production |
Domestic Production |
49,127 |
82.1 |
434,063 |
79.5 |
639,883 |
85.4 |
| Overseas Production |
55,694 |
94.7 |
590,844 |
98.0 |
773,520 |
93.1 |
| Total Production |
104,821 |
88.4 |
1,024,907 |
89.2 |
1,413,403 |
89.4 |
* 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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