Total global production in November stood at 114,952 units, down 25.1 percent from a year earlier.

Domestic production for the month was off 12.2 percent on year to 62,160 units. Production of commercial vehicles, however, soared 75 percent to 9,862 as the company continued to see robust sales of its Minicab Truck and Minicab Van.

Overseas production, meanwhile, declined 36.2 percent to 52,792 units. Asia excluding Japan dropped 40.9 percent to 29,227 units, while Europe posted a slight decline of 1.3 percent to 9,169 units. Despite the decline in production, sales in Europe continued to grow, advancing 4.5 percent on year for the sixth consecutive monthly increase. North American production totaled 10,304 units, down 39.6 percent on November 2002.

Sales in Japan surged 18.5 percent to 26,529 units on the back of strong results in all vehicle categories¹. This marks the first time in over five years that sales have grown across the board. In particular, passenger car registrations capped off a full year of gains in November with an 8.6 percent increase over the same month last year. MMC's share of the domestic market grew to 5.8 percent for the month, up from 4.7 percent last November.

Exports from Japan were up 5.7 percent at 36,746 units. By area, exports to Asia totaled 4,309 units, North America 10,834 units, and Europe 9,662 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.

¹ See Domestic Sales in graph below for breakdown of categories

			November 2003		Fiscal Year 2003 ('03/4-'03/11)		Calendar Year 2003 ('03/1-'03/11)
			Volume	YoY Chg. (%)	Volume	YoY Chg. (%)	Volume	YoY Chg. (%)
Domestic Production	Passenger Cars Commercial Vehicles		52,298 9,862	80.3 175.0	416,113 70,108	95.5 128.0	593,602 95,967	95.5 113.4
	Total		62,160	87.8	486,221	99.1	689,569	98.0
Domestic Sales *	Passenger Cars	Registrations Minicars	6,462 10,949	108.6 109.2	65,398 91,004	142.0 89.9	108,427 139,886	142.4 88.3
		Total	17,411	109.0	156,402	106.2	248,313	105.8
	Commercial Vehicles	Registrations Minicars	1,763 7,355	101.2 157.5	13,252 49,027	85.5 107.9	19,780 69,267	80.9 101.2
		Total	9,118	142.2	62,279	102.2	89,047	95.9
	Registrations Total		8,225	106.9	78,650	127.8	128,207	127.4
	Minicars Total		18,304	124.6	140,031	95.5	209,153	92.2
	Grand Total		26,529	118.5	218,681	105.0	337,360	103.0
Exports	Passenger Cars Commercial Vehicles		35,414 1,332	105.7 104.6	232,010 9,679	87.5 92.1	332,424 13,596	93.5 102.2
	Total		36,746	105.7	241,689	87.6	346,020	93.8
Production	Domestic Production Overseas Production		62,160 52,792	87.8 63.8	486,221 544,910	99.1 84.7	689,569 772,756	98.0 91.8
	Total Production		114,952	74.9	1,031,131	90.9	1,462,325	94.6

* Includes imports
N.B. Figures exclude truck and bus units as MMC's truck and bus operations were spun off into Mitsubishi Fuso Truck and Bus Corporation in January 2003.