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MITSUBISHI'S RECORD-BREAKING JUNE DRIVES

88% INCREASE FOR MONTH; 54% INCREASE FOR QUARTER;
42% INCREASE YEAR-TO-DATE

July 6, 2000

CYPRESS, Calif. (July 1, 2000) - Mitsubishi Motor Sales of America, Inc. (MMSA) reported record sales of 32,321 vehicles in June 2000, driving the company to its best sales month, best second quarter and best first half in the company's history. June's results exceeded the all-time sales record posted just last month of 29,390 vehicles, and puts the company well on track to top the 300,000 mark in sales for the year.

(MMSA's sales results are for the 30-day period of June 1 through June 30.)

  • June sales of 32,321 vehicles marks the best month in the company's history, topping 30,000 units for the first time and achieving an 88% increase over the same month last year.
  • Second quarter sales of 86,134 units increased 54% over the same period last year, a new record.
  • First half sales of 156,564 units increased 42% over the first half of 1999, another new record.
  • On a model-year-to-date basis (October 1-June 30), sales increased 53% over the previous year.

"These spectacular numbers are significant because they're on top of 1999's record breaking results," said Pierre Gagnon, MMSA executive vice president and chief operating officer. "I'm more confident than ever that we are well on our way to surpassing 300,000 sales this year, our second record breaking year in a row, and well ahead of schedule to sell 400,000 per year by 2005."

Mitsubishi Motor Sales of America, Inc. was established in 1982 by Mitsubishi Motors Corporation, Tokyo, and markets a full line of vehicles, including coupes, convertibles, sedans and sport utility vehicles. Its website can be accessed at mitsubishicars.com.


Sales Results, June 2000: Mitsubishi Motor Sales of America, Inc.

June '00
Month/YTD
June '99
Month/YTD
% Change
Month/YTD
Passenger Car Sales*
23,285/114,565
13,881/85,278
67.7%/34.3%
Sport Utility Vehicles**
9,036/41,999
3,283/24,831
175.2%/69.1%
Total Vehicle Sales
32,321/156,564
17,164/110,109
88.3%/42.2%
US Assembled Cars:
17,601/82,322
10,336/55,301
70.3%/48.9%
Imported Cars:
5,684/32,243
3,545/29,977
60.3%/7.6%
Imported Truck/SUVs:
9,036/41,999
3,283/24,831
175.2%/69.1%
US Assembled Vehicles (1):
17,601/82,322
10,336/55,301
70.3%/48.9%
Imported Vehicles (2):
14,720/74,242
6,828/54,808
115.6%/35.5%

* Above totals include sales of U.S.-assembled Mitsubishi Motors vehicles

** Includes Montero Sport and Montero

(1) Galant, Eclipse and Eclipse Spyder

(2) Mirage, Diamante, 3000GT, Montero Sport and Montero


Product sales numbers of note:

  • Best June, 2nd quarter and 1st half sales for the Galant mid-size sedan with 9,889 vehicles sold for the month, up 77% over June 1999, and 46,537 sold YTD, up 65.4%.
  • Best June and 2nd quarter for the Montero luxury SUV, with 3,082 vehicles sold during the month. Calendar year-to-date sales for Montero have increased 321%
  • Best June, 2nd quarter and 1st half for Montero Sport mid-size SUV, with 5,954 vehicles sold in June, up 94.6% from the year before, and 33,785 sold year-to-date, up 47.7% from 1999.

June,2000 Total Sales