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| Mitsubishi Motors Announces Production, Sales and Export Results for March 2003 and FY 2002 |
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Tokyo, April 24, 2003
-Mitsubishi Motors Corporation (MMC) today
announced production, sales, and export results for March 2003 and the
fiscal year ended March 31, 2003.
March 2003 results
Total worldwide production in March gained 2.6 percent to 158,734
units. Of this, production in Japan was off 4.6 percent at 75,251 units
for the second straight monthly decline. Although exports remain strong,
the drop in domestic production is due to a decrease in production of
commercial vehicles.
Overseas production, meanwhile, gained 10.2 percent to 83,483 units,
marking the third consecutive month of gains. By area, Asia excluding
Japan rose 16.8 percent to 53,181 units and North America advanced 10.2
percent to 18,463 units. European production totaled 6,408 units, down
24.6 percent over the same month last year.
Domestic sales including minicars returned to growth after six months
of decline, posting a 6.7 percent gain on year to 61,950 units. Robust
sales of 14,137 units of the Colt subcompact in March-a monthly sales
record for the company excluding minicars-coupled with stable sales
of the eK Wagon minicar to drive domestic sales back into positive territory.
MMC's domestic share including minicars and imports stood at 7.5 percent,
unchanged from March 2002.
Exports from Japan remained strong, climbing 9.5 percent to 39,148
for the twelfth monthly gain. By area, exports to Asia totaled 4,054
units, North America 15,501 units, and Europe 9,856 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.
Fiscal 2002 results (April 1, 2002 - March 31, 2003)
Total worldwide production for fiscal 2002 climbed 11.2 percent to 1,696,637
units. Domestic production rose 5.1 percent on fiscal 2001 to 766,389
units, the first gain in two years. Overseas production was up for the
fourth consecutive year, jumping 16.8 percent to 930,248 units. By area,
Asia excluding Japan produced 566,298 units, up 12.7 percent, North
American production rose 10.7 percent to 210,187 units, and Europe gained
12 percent to 87,799 units.
Sales in Japan including minicars remained stagnant, declining 12.3
percent on fiscal 2001 to 354,269 units. Although this marks the seventh
straight yearly decline, MMC is seeing strong sales of its eK Series
minicars, which recently topped 200,000 in accumulated unit sales, and
the Colt subcompact. Further momentum is expected when the company launches
the Grandis multi purpose vehicle in May. MMC's domestic share including
minicars and imports came to 6 percent, slightly down from 6.9 percent
in fiscal 2001.
Exports for the year totaled 427,235 units, up 28 percent on the previous
fiscal year. As a result of the spin-off of MMC's truck and bus operations
in January 2003, regional figures and year-on-year changes are not available
due to a change in the system used to tally exports.
| |
March 2003 |
< Reference Only > |
| MMC |
MFTBC |
MMC+MFTBC |
| Volume |
(%)*1 |
Volume |
(%)*1 |
Volume |
(%)*1 |
Domestic
Production |
Passenger Cars
Commercial Vehicles |
65,144
10,107 |
98.0%
81.4% |
-
9,988 |
-
133.8% |
65,144
20,095 |
98.0%
101.1% |
| Total |
75,251 |
95.4% |
9,988 |
133.8% |
85,239 |
98.7% |
Domestic
Sales *2 |
Passenger Cars
Commercial Vehicles |
48,777
13,173 |
114.5%
85.2% |
-
12,857 |
-
113.5% |
48,777
26,030 |
114.5%
97.1% |
| Total |
61,950 |
106.7% |
12,857 |
113.5% |
74,807 |
107.8% |
| Export |
Passenger Cars
Commercial Vehicles |
37,602
1,546 |
108.3%
148.9% |
-
3,369 |
-
109.3% |
37,602
4,915 |
108.3%
119.3% |
| Total |
39,148 |
109.5% |
3,369 |
109.3% |
42,517 |
109.5% |
| |
| Production |
Domestic
Overseas |
75,251
83,483 |
95.4%
110.2% |
9,988
4,797 |
133.8%
103.5% |
85,239
88,280 |
98.7%
109.8% |
| Total |
158,734 |
102.6% |
14,785 |
122.2% |
173,519 |
104.1% |
(Remarks)
*1: Comparison with the same period of last year
*2: Domestic Sales includes minicars and imports
| |
Fiscal Year 2002
('02/4-'03/3) |
< Reference Only > |
| MMC |
MFTBC |
MMC+MFTBC |
| Volume |
(%)*1 |
Volume |
(%)*1 |
Volume |
(%)*1 |
Domestic
Production |
Passenger Cars
Commercial Vehicles |
679,592
86,797 |
108.8%
82.9% |
-
101,858 |
-
119.2% |
679,592
188,655 |
108.8%
99.2% |
| Total |
766,389 |
105.1% |
101,858 |
119.2% |
868,247 |
106.6% |
Domestic
Sales *2 |
Passenger Cars
Commercial Vehicles |
261,281
92,988 |
92.4%
76.7% |
-
64,838 |
-
101.3% |
261,281
157,826 |
92.4%
85.2% |
| Total |
354,269 |
87.7% |
64,838 |
101.3% |
419,107 |
89.5% |
| Export |
Passenger Cars
Commercial Vehicles |
411,239
15,996 |
128.1%
123.5% |
-
36,936 |
-
131.1% |
411,239
52,932 |
128.1%
128.7% |
| Total |
427,235 |
128.0% |
36,936 |
131.1% |
464,171 |
128.2% |
| |
| Production |
Domestic
Overseas |
766,389
930,248 |
105.1%
116.8% |
101,858
52,402 |
119.2%
115.3% |
868,247
982,650 |
106.6%
116.7% |
| Total |
1,696,637 |
111.2% |
154,260 |
117.8% |
1,850,897 |
111.7% |
(Remarks)
*1: Comparison with the same period of last year
*2: Domestic Sales includes minicars and imports
| |
Calendar Year 2003
('03/1-'03/3) |
< Reference Only > |
| MMC |
MFTBC |
MMC+MFTBC |
| Volume |
(%)*1 |
Volume |
(%)*1 |
Volume |
(%)*1 |
Domestic
Production |
Passenger Cars
Commercial Vehicles |
177,489
25,859 |
96.9%
86.7% |
-
27,831 |
-
130.8% |
177,489
53,690 |
96.9%
105.0% |
| Total |
203,348 |
95.5% |
27,831 |
130.8% |
231,179 |
98.7% |
Domestic
Sales *2 |
Passenger Cars
Commercial Vehicles |
91,911
26,768 |
105.2%
83.8% |
-
22,448 |
-
117.5% |
91,911
49,216 |
105.2%
96.4% |
| Total |
118,679 |
99.5% |
22,448 |
117.5% |
141,127 |
102.0% |
| Export |
Passenger Cars
Commercial Vehicles |
100,414
3,917 |
111.4%
140.4% |
-
8,416 |
-
118.4% |
100,414
12,333 |
111.4%
124.6% |
| Total |
104,331 |
112.2% |
8,416 |
118.4% |
112,747 |
112.7% |
| |
| Production |
Domestic
Overseas |
203,348
227,846 |
95.5%
115.0% |
27,831
12,653 |
130.8%
115.0% |
231,179
240,499 |
98.7%
115.0% |
| Total |
431,194 |
104.9% |
40,484 |
170.5% |
471,678 |
170.5% |
(Remarks)
*1: Comparison with the same period of last year
*2: Domestic Sales includes minicars and imports
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