Mitsubishi Motors Reports Best Month in History

CYPRESS, Calif., Dec. 3 -- Mitsubishi Motor Sales of America, Inc. (MMSA) today reported November sales of 33,060 units, marking the best sales month in company history.

``Our record sales reflect a momentum that began with the launch of the Lancer,'' said MMSA President and COO Pierre Gagnon. ``In a market filled with uncertainty, MMSA offers vehicles that deliver unmistakable value and spirit. Our momentum is strong, heading into year's end and we're on track to post our best year in history for the third consecutive time.''

The all-time record month drove MMSA's total year-to-date vehicle sales up 0.4 percent over last year to 290,758 units, pushing the company ahead of last year's record pace.

Mitsubishi Motors' record-setting November was supported by the all-new Mitsubishi Lancer compact sedan, which sold 5,928 units in only its third full month in showrooms. Sales of Lancer have grown steadily every month since it launched in August, with November marking the stylish sedan's best sales month to date.

Looking ahead to 2002, Gagnon is excited about the prospects for continued growth in North America. ``The success of the Lancer campaign is only the beginning,'' he added. ``We're launching an all-new hip, urban sport utility vehicle next year in addition to redesigned Eclipse and Eclipse Spyder models.''

    Some figures of note for MMSA's November 2001 sales:
    -- November 2001 sales of 33,060 vehicles, up 27.1 percent over last
       year's November sales of 26,015 vehicles
    -- 2001 year-to-date sales of 290,758 vehicles; up 0.4 percent over last
       year's record pace of 289,705 vehicles
    -- All-new 2002 Lancer sold a record 5,928 units, up 17 percent over last
       month's sales of 5,068 units
    -- Montero had its best-ever November with 3,045 units sold, up
       20.3 percent over November 2000 sales of 2,532 units
    -- Eclipse Spyder had its best-ever November with 1,571 units sold, up
       10.6 percent over November 2000 sales of 1,420 units

Mitsubishi Motor Sales of America, Inc. was established in 1981 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 www.mitsubishicars.com .

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

                    November '01     November '00      % Change % DSR Change
                      Month/YTD       Month/YTD       Month/YTD    Month/YTD

    Passenger Car
     Sales*        23,954/213,874   17,967/209,987    33.3%/1.9%   33.3%/1.9%
    Sport Utility
     Vehicles**      9,106/76,884     8,048/79,718   13.1%/-3.6%  13.1%/-3.6%
    Total Vehicle
     Sales         33,060/290,758   26,015/289,705    27.1%/0.4%  27.1%/0.4%
    US Assembled
     Cars:         14,328/151,823   14,359/154,122   -0.2%/-1.5%  -0.2%/-1.5%
    Imported Cars:   9,626/62,051     3,608/55,865  166.8%/11.1% 166.8%/11.1%
    Imported
     Truck/SUVs:     9,106/76,884     8,048/79,718   13.1%/-3.6%  13.1%/-3.6%
    US Assembled
     Vehicles (1): 14,328/151,823   14,359/154,122   -0.2%/-1.5%  -0.2%/-1.5%
    Imported
     Vehicles (2): 18,732/138,935   11,656/135,583    60.7%/2.5%   60.7%/2.5%

     DSR - Daily Selling Rate
     Selling Days        MTD  YTD
     November 2001       25   282
     November 2000       25   282

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