Mitsubishi Motors Reports Second-Best First-Half in History; June Sales Led by Eclipse Spyder and Diamante

    CYPRESS, Calif., July 3 Mitsubishi Motor Sales of America,
Inc. (MMSA) today reported June sales of 23,698 units, driving the auto maker
to its second-best first-half in company history with total year-to-date sales
of 155,230.
    "We're excited about our growth opportunities in the second half of 2001,"
said President and COO Pierre Gagnon.  "As the all-new Mitsubishi Lancer
arrives at showrooms in August, we're poised to gain market share and meet our
projected targets for the year."
    Dealer orders for the Lancer are running ahead of projections, signaling
pent-up demand for the stylish new sedan.  In addition, restyled versions of
the Galant and Diamante will begin arriving in dealer showrooms later this
summer.
    "In the first six months of this year, we came very close to matching the
record-breaking first half of last year -- when we had two new products
driving additional sales," said Gagnon.  "With the addition of the Lancer and
improvements to the Galant and Diamante, we're looking forward to a strong
second half in 2001."

    Some figures of note for MMSA's June 2001 sales:

    --  June 2001 sales of 23,698 vehicles, down 26.7% from last June, which
        remains the company's best sales month in history
    --  2001 year-to-date sales of 155,230 vehicles, representing the auto
        maker's second-best first-half in company history; less than
        one-percent behind last year's record pace of 156,564
    --  Eclipse Spyder had its second-best June with 1,370 units sold, up
        14.6 percent over June 2000
    --  Diamante sales of 1,543 units were up 78.8 percent over June 2000

    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 http://www.mitsubishicars.com.

      Sales Results, June 2001: Mitsubishi Motor Sales of America, Inc.

                          June '01      June '00     % Change  % DSR Change
                         Month/YTD     Month/YTD    Month/YTD     Month/YTD
    Passenger
     Car Sales*   18,740/117,076  23,285/114,565   -19.5%/2.2%   -19.5%/2.2%
    Sport
     Utility
     Vehicles**     4,958/38,154    9,036/41,999  -45.1%/-9.2%  -45.1%/-9.2%
    Total Vehicle
     Sales        23,698/155,230  32,321/156,564  -26.7%/-0.9%  -26.7%/-0.9%
    US Assembled
     Cars:         13,006/85,678   17,601/82,322   -26.1%/4.1%   -26.1%/4.1%
    Imported Cars:  5,734/31,398    5,684/32,243    0.9%/-2.6%    0.9%/-2.6%
    Imported
     Truck/SUVs:    4,958/38,154    9,036/41,999  -45.1%/-9.2%  -45.1%/-9.2%
    US Assembled
     Vehicles (1): 13,006/85,678   17,601/82,322   -26.1%/4.1%   -26.1%/4.1%
    Imported
     Vehicles (2): 10,692/69,552   14,720/74,242  -27.4%/-6.3%  -27.4%/-6.3%

        DSR - Daily Selling Rate
        Selling Days                    MTD             YTD
        June 2001                        26             154
        June 2000                        26             154

      *  Above totals include sales of US assembled Mitsubishi Motors vehicles
      ** Includes Montero Sport and Montero
     (1) Galant, Eclipse and Eclipse Spyder
     (2) Mirage, Diamante, 3000GT, Montero Sport and Montero