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Mitsubishi Motors Announces July Production, Sales and Export Results

- Domestic sales continue to grow month-on-month -

Tokyo, August 26, 2003 -Mitsubishi Motors Corporation (MMC) today announced its production, sales and export results for July 2003.

Total worldwide production in July slipped 7.7 percent to 136,788 units. Of this, production in Japan dropped 2.6 percent to 64,753 units, marking the first decline in three months. Overseas production, meanwhile, was off 11.8 percent compared to July last year, coming in at 72,035 units for the third monthly decline. By area, Asia excluding Japan declined 11.7 percent to 48,506 units. North American production dropped 26.7 percent to 11,396 units, while Europe surged 23.9 percent to 6,756 units.

Domestic sales including minicars continued to climb, gaining 8.3 percent on July last year to 33,163 units. This marks the third straight month of gains. MMC's share of the domestic market grew to 6.3 percent in July, up from 5.8 percent last July.

Exports from Japan totaled 31,127 units for the month, down 13.1 percent compared to the same period last year. By area, exports to Asia came in at 3,867 units, North America 5,108 units, and Europe 13,192 units. As a result of the spin-off of MMC's truck and bus operations in January 2003, regional year-on-year changes are not available due to a change in the system used to tally exports.

July '03 Fiscal Year 2003
('03/4-'03/7)
Calendar Year 2003
('03/1-'03/7)
Volume YoY Chg.
(%)
Volume YoY Chg.
(%)
Volume YoY Chg.
(%)
Domestic
Production
Passenger Cars
Commercial Vehicles
54,953
9,800
93.1
131.6
196,561
31,126
99.0
115.6
374,050
56,985
98.0
100.4
Total 64,753 97.4 227,687 101.0 431,035 98.3
Domestic
Sales *
Passenger
Cars
Registrations
Minicars
9,919
14,376
127.6
104.3
35,839
45,229
153.7
92.6
78,868
94,111
147.6
88.7
Total 24,295 112.7 81,068 112.3 172,979 108.4
Commercial
Vehicles
Registrations
Minicars
1,883
6,985
84.6
102.2
6,558
23,877
75.4
101.5
13,086
44,117
74.2
94.9
Total 8,868 97.9 30,435 94.5 57,203 89.2
Registrations Total 11,802 118.0 42,397 132.4 91,954 129.4
Minicars Total 21,361 103.6 69,106 95.5 138,228 90.6
Grand Total 33,163 108.3 111,503 106.8 230,182 102.9
Exports Passenger Cars
Commercial Vehicles
30,016
1,111
87.1
80.1
102,097
4,718
87.2
91.8
202,511
8,635
97.7
108.9
Total 31,127 86.9 106,815 87.4 211,146 98.2
Production Domestic
Overseas
64,753
72,035
97.4
88.2
227,687
294,827
101.0
93.0
431,035
522,673
98.3
101.5
Total 136,788 92.3 522,514 96.3 953,708 100.0

* Includes imports