Subaru Posts Best November in History

CHERRY HILL, N.J., Dec. 3 -- Subaru of America, Inc., a pioneer of all-wheel drive crossover vehicles designed for the active lifestyle, announced today record November sales. Subaru sold a total of 16,122 units in November, representing an increase of 13% from the same period last year. The November total represents the ninth consecutive month of year- over-year sales increases for the Subaru brand.

``Subaru dealerships were very busy in November, as evidenced by our best November sales result since 1985,'' said Subaru Executive Vice President, Fred Adcock. ``In total, Subaru sales are up 8% for the year, and we're currently on pace to achieve our best result ever in the U.S.''

Subaru Legacy and Outback models recorded sales totals of 8,013 and 5,874 units respectively in November. Subaru Forester posted a total of 4,640 units, up 12% from last year and a new November record for this popular all- wheel drive crossover. Subaru Impreza continued its tremendous sales success, with 3,469 units posted, an increase of 142% from last year. The Impreza total also established a new record for November. To date, Subaru has sold a total of 170,018 units in 2001, up 8% from 2000 totals for the same period.

About Subaru of America, Inc.

Subaru of America, Inc. is a wholly-owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Subaru pioneered the concept of the passenger car/sport-utility vehicle with the introduction of the Subaru Outback, the ``World's First Sport Utility Wagon®.'' The Subaru Legacy (including Outback models) is the best-selling All-Wheel Drive car sold in America, based on the Polk Company retail registration statistics as of 12/31/00.

Headquartered near Philadelphia, the company markets and distributes Subaru vehicles, parts and accessories through a network of 582 dealers across the United States. All Legacy and Outback models sold in the United States are produced at the Subaru-Isuzu Automotive Inc. manufacturing plant near Lafayette, Ind. Over the past eight years, the company has achieved year- over-year retail sales increases thanks to its popular line of car-based sport utility vehicles, and is among the fastest growing brands in the automobile industry.