- Mitsubishi Motors Corporation (MMC) today announced production, sales, and export
results for September 2003 and the six months ended September 30, 2003. MMC's
expanded lineup helped push domestic sales up 4.4 percent for the six-month period
to 170,274 units.
| |
September 2003 |
Fiscal Year 2003
('03/4-'03/9) |
Calendar Year 2003
('03/1-'03/9) |
| Volume |
YoY
Chg. (%) |
Volume |
*1(%) |
Volume |
YoY
Chg. (%) |
Domestic
Production |
Passenger Cars
Commercial Vehicles |
63,909
12,907 |
99.1
144.8 |
309,335
49,134 |
99.9
112.9 |
486,824
74,993 |
98.8
102.2 |
| Total |
76,816 |
104.7 |
358,469 |
101.5 |
561,817 |
99.3 |
Domestic
Sales * |
Passenger
Cars |
Registrations
Minicars |
10,955
18,722 |
138.5
86.9 |
52,530
71,352 |
146.5
89.9 |
95,559
120,234 |
144.9
88 |
| Total |
29,677 |
100.8 |
123,882 |
107.5 |
215,793 |
106.5 |
Commercial
Vehicles |
Registrations
Minicars |
2,034
8,536 |
106.2
100 |
9,682
36,710 |
82.5
101.5 |
16,210
56,950 |
78.3
96.3 |
| Total |
10,570 |
101.1 |
46,392 |
96.9 |
73,160 |
91.6 |
| Registrations Total |
12,989 |
132.2 |
62,212 |
130.7 |
111,769 |
129 |
| Minicars Total |
27,258 |
90.6 |
108,062 |
93.5 |
177,184 |
90.5 |
| Grand Total |
40,247 |
100.9 |
170,274 |
104.4 |
288,953 |
102.3 |
| Exports |
Passenger Cars
Commercial Vehicles |
40,401
1,385 |
85.8
79.2 |
168,554
7,438 |
86.3
92.4 |
268,968
11,355 |
94.2
104.8 |
| Total |
41,786 |
85.6 |
175,992 |
86.5 |
280,323 |
94.6 |
| |
| Production |
Domestic Production
Overseas Production |
76,816
65,569 |
104.7
79.5 |
358,469
420,918 |
101.5
87.7 |
561,817
648,764 |
99.3
95.7 |
| Total Production |
142,385 |
91.3 |
779,387 |
93.6 |
1,210,581 |
97.3 |
* Includes imports
September 2003 results
Global production in September totaled 142,385 units, down 8.7 percent from
a year earlier. Domestic production rose 4.7 percent on year to 76,816 units,
marking the first gain in three months.
Total offshore production, meanwhile, declined 20.5 percent to 65,569 units.
Asia excluding Japan dropped 17.9 percent to 41,831 units, while Europe declined
7.4 percent to 6,986 units. Despite the drop in European production, sales in
the region continue to post strong results, surging 19.4 percent on September
last year.
North American production declined 34.6 percent to 11,885 units as the company
continued to ease off production to bring inventory at US dealers down to a
satisfactory level.
Domestic sales including minicars grew 0.9 percent for the month to 40,247
units. Registrations, which exclude minicars, continue to enjoy robust growth,
surging 38.5 percent for the tenth straight monthly gain. MMC's share of the
domestic market remained relatively unchanged at 7 percent.
Exports from Japan totaled 41,786 units, down 14.4 percent from the same month
last year. By area, exports to Asia totaled 4,665 units, North America 11,482
units, and Europe 10,130 units. As a result of the spin-off of MMC's truck and
bus operations in January 2003, regional year-on-year comparisons are not available
due to a change in the system used to tally exports.
April to September 2003 results
Total worldwide production for the six months ended September 30, 2003 came
to 779,387 units, a drop of 6.4 percent compared to the same period last year.
Production in Japan rose 1.5 percent on year to 358,469 units. This second
straight year-on-year gain for the period comes on the back of an expanded product
portfolio which includes the Colt compact car launched in November last year
and the Grandis minivan that was rolled out in May this year. A year-on-year
increase of 10 percent in production of the company's popular eK Wagon minicar
also contributed to the overall production increase.
Overseas production declined 12.3 percent on year to 420,918 units, marking
the first decline in two years for the six-month period. By area, production
in Asia excluding Japan came to 272,325 units, off 6.4 percent from last year.
North America saw a drop in production of 23.8 percent for a total of 83,989
units. This is the result of a strategic decision to pull back inventory at
US dealers to an appropriate level.
Europe also saw a decline in production for the period as the company's NedCar
plant in the Netherlands stopped production in late April and early May to retool
in the lead up to the start of production of the Mitsubishi Colt and smart forfour
compact cars next year. The plant also closed for an extra week over the summer
for retooling. Production declined 16.8 percent to 37,490 units.
Total domestic sales rose 4.4 percent on year to 170,274 units, marking the
first increase for the six-month period in four years. In particular, registrations
of vehicles other than minicars jumped 30 percent on year, helped largely by
the introduction of the Colt and Grandis. MMC's domestic market share rose 0.3
percentage points to 6.2 percent.
Exports from Japan came to 175,992 units, a decrease of 13.5 percent on year.
By area, exports to Asia totaled 26,311 units, North America 39,272 units, and
Europe 52,514 units. As a result of the spin-off of MMC's truck and bus operations
in January 2003, regional year-on-year comparisons are not available due to
a change in the system used to tally exports.
