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Mitsubishi Motors Announces Production, Sales and Exports for February 2007

Tokyo, March 28, 2007  — Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export results for February 2007.

Total global production came in at 114,724 units, 95.4 percent of last year's figure. Japanese production increased 6.0 percent year-on-year to 73,821 units, marking the fifth consecutive month of year-on-year growth due to increase in production volume of new Outlander and new Pajero models for overseas markets and new Delica D:5 model for Japanese market.

Vehicle sales in Japan totaled 22,320 units, a 17.8 percent decline year-on-year. Registered vehicles charted sales of 8,552 units, 106.4 percent of the year-ago figure. Mini-car sales declined to 13.768 units, 72.0 percent year-on-year. Total sales for passenger cars were 83.7 percent year-on-year to 17,311 units, and commercial vehicle sales were 5,009 units, 77.5 percent of the same period last year.

Overseas production totaled 40,903 units, 80.8 percent of the year-ago figure. European production came in at 4,984 units or 95.8 percent of the last year's figure. North American production reached 6,650 units, 95.1 percent of the level seen last year. Asian production totaled 25, 698 units, a 25.6 percent decline from February 2006's levels, representing continued weakness in Asian markets such as Malaysia and Taiwan, where the economies are in long-term stagnation.

Total exports from Japan increased to 41,029 units, 146.7 percent of the year-ago level, marking the fourth consecutive month of year-on-year volume increase. Exports to Europe increased to 13, 439 units, 129.8 percent of last year's figure due to continued favorable demand of new Pajero and new Outlander models. Exports to Asia came to 3,651 units, a 26.4 percent increase over the last-year period due to good sales of Lancer model in Singapore, Grandis and Outlander models in China. Exports to North America rose to 7,458 units, 320. 1 percent of the February 2006 levels due to increase in export of new Outlander model and New Lancer models.

February
2007
Fiscal Year 2006
('06/4-'07/2)
Calendar Year
2007 ('07/1-'07/2)
Volume YoY
(%)
Volume YoY
(%)
Volume YoY
(%)
Domestic
Production
Passenger Cars 64,350  105.4 596,582  112.2 120,279 109.3
Commercial Vehicles 9,471 110.7 92,826 99.7 16,955 112.0
Total 73,821 106.0 689,408 110.3 137,234 109.6
Domestic
Sales *
Passenger
Cars
Registrations 7,994 120.6 52,485 93.2 12,256 95.7
Minicars 9,317 66.3 96,834 113.3 16,923 80.0
Total 17,311 83.7 149,319 105.3 29,179 86.0
Commercial
Vehicles
Registrations 558 39.6 9,490 65.8 1,047 40.0
Minicars 4,451 88.1 49,175 95.7 7,616 93.0
Total 5,009 77.5 58,665 89.1 8,663 80.2
Registrations Total 8,552 106.4 61,975 87.6 13,303 86.3
Minicars Total 13,768 72.0 146,009 106.7 24,539 83.7
Grand Total 22,320 82.2 207,984 100.2 37,842 84.6
Exports Passenger Cars 39,734 148.6 368,880 115.3 80,746 145.3
Commercial Vehicles 1,295 104.8 14,839 127.2 2,469 122.7
Total 41,029 146.7 383,719 115.7 83,215 144.5
 
Production Domestic Production 73,821 106.0 689,408 110.3 137,234 109.6
Overseas Production 40,903 80.8 485,797 78.0 85,262 83.8
Total  114,724 95.4  1,175,205 94.2 222,496 98.0
Includes imports to Japan
* Excludes truck and bus units as MMC's truck and bus operations were spun off into Mitsubishi Fuso Truck and Bus Corporation in January 2003.
* Effective from October 2006, units of "Delica Wagon" and "Pajero" (also "Montero" or "Shogun") are included in Passenger Cars category, those are used to be included in Commercial Vehicles category.