American Suzuki Sees 62 Percent Increase in January 2004 Sales

BREA, Calif., Feb. 3, 2004 -- Powered by an ambitious five-year growth plan and rapidly expanding sales of its new Forenza premium compact and Verona midsize sedans, American Suzuki Motor Corporation (ASMC) sold 5,099 vehicles in January 2004, representing a 62 percent increase in overall sales compared to January 2003 and giving the expanding automaker its best January since 1988.

"We made a good start in January," explained Koichi Suzuki, president of American Suzuki's Automotive Operations. "The Verona and Forenza are bringing new customers to Suzuki. They are the first two of nine new vehicles Suzuki will launch as part of its plan to triple U.S. sales to 200,000 vehicles by 2007."

Appearing in U.S. showrooms late last year, the Verona and Forenza combine Italian styling with the power, performance, passenger room and standard features usually associated with considerably higher-priced models. The two new vehicles will be followed by the launch of seven additional models by 2007 including the Suzuki Reno, a five-door crossover vehicle slated to go on sale later this year.

About American Suzuki

The Automotive Operations of American Suzuki Motor Corporation, Brea, Calif., were founded in 1985 by Suzuki Motor Corporation. ASMC markets automobiles in the United States through a network of more than 480 automotive dealerships in 49 states. ASMC's parent company, Suzuki Motor Corporation (SMC), based in Hamamatsu, Japan, is a diversified worldwide automobile manufacturer. Founded in 1909 and incorporated in 1920, it has 141 distributors in 127 countries.

                      AMERICAN SUZUKI MOTOR CORPORATION
                             MONTH-END REPORTING

                             JANUARY                       CYTD
                     2004    2003    DSR %        2004    2003    DSR %
                                    Change                       Change
   VITARA:            362     238     46%         362     238     46%
   GRAND VITARA:      328     390    -19%         328     390    -19%
   XL-7:            2,003   1,039     85%       2,003   1,039     85%
   AERIO:             706   1,332    -49%         706   1,332    -49%
   FORENZA            937       0      NA         937       0      NA
   VERONA             763       0      NA         763       0      NA
   OTHERS               0       0      NA           0       0      NA
   TOTAL:           5,099   3,018     62%       5,099   3,018     62%

   TRUCK
   DOMESTIC TRUCK:    362     239     46%         362     239     46%
   IMPORT TRUCK:    2,331   1,429     57%       2,331   1,429     57%
   TOTAL TRUCK:     2,693   1,668     55%       2,693   1,668     55%

   CAR
   DOMESTIC CAR:        0       0      NA           0       0      NA
   IMPORT CAR:      2,406   1,350     71%       2,406   1,350     71%
   TOTAL CAR:       2,406   1,350     71%       2,406   1,350     71%

   TOTAL DOMESTIC:    362     239     46%         362     239     46%
   TOTAL IMPORT:    4,737   2,779     64%       4,737   2,779     64%
   GRAND TOTAL      5,099   3,018     62%       5,099   3,018     62%

   Selling Days:       26      25                  26      25