Mitsubishi Motors Reports November 2004 U.S. Sales

CYPRESS, Calif., Dec. 1, 2004 -- Mitsubishi Motors North America, Inc., (MMNA) today reported November 2004 U.S. sales of 8,301 units. Mitsubishi Motors has sold 150,458 units year to date in the United States.

"Our sales volume this month, while disappointing, is to be expected while we are in the midst of a turnaround and focused on internal restructuring and reducing fleet," said Michael Tocci, senior vice president of sales, fleet and distribution at Mitsubishi Motors North America. "Regardless, we did see some bright spots this month, with Outlander volume sales up 14 percent and Lancer volume sales up 13 percent over October. As our turnaround moves forward, we're confident that 2005 will be a stronger sales year."

Mitsubishi Motors North America, Inc., (MMNA) is responsible for all manufacturing, finance, sales, marketing, research and development operations of the Mitsubishi Motors Corporation in the United States and Canada. Mitsubishi Motors sells coupes, convertibles, sedans and sport utility vehicles through a network of approximately 600 dealers. For more information, contact the Mitsubishi Motors News Bureau at (888) 560-6672 or visit media.mitsubishicars.com.

  Following is the sales breakdown for November 2004:

                               2004             2003              2004
                           NOV     CYTD     NOV     CYTD      NOV     CYTD
  ECLIPSE COUPE             563   11,320   1,495   26,606   -62.3%   -57.5%
  ECLIPSE SPYDER            175    7,166     386   10,363   -54.7%   -30.9%
  LANCER                  1,732   33,140   2,193   40,670   -21.0%   -18.5%
  LANCER EVOLUTION          348    4,161     432    4,513   -19.4%    -7.8%
  LANCER SPORTBACK          172    2,032      --       --     0.0%     0.0%
  MIRAGE COUPE               --       --       1      173  -100.0%  -100.0%
  MIRAGE SEDAN               --       --      --        1     0.0%     0.0%
  GALANT                  1,997   39,511   2,961   62,552   -32.6%   -36.8%
  DIAMANTE                  198    4,186     704    8,107   -71.9%   -48.4%
  TOTAL CAR               5,185  101,516   8,172  152,985   -36.6%   -33.6%
  OUTLANDER               1,059   16,806   1,606   31,912   -34.1%   -47.3%
  MONTERO SPORT             257    6,654     911   18,471   -71.8%   -64.0%
  ENDEAVOR                1,523   20,652   5,407   27,240   -71.8%   -24.2%
  MONTERO                   277    4,830     778    7,717   -64.4%   -37.4%
  TOTAL SUV               3,116   48,942   8,702   85,340   -64.2%   -42.7%
  TOTAL                   8,301  150,458  16,874  238,325   -50.8%   -36.9%
  US Assembled Cars (1):  2,735   57,997   4,842   99,521   -43.5%   -41.7%
  Imported Cars (2):      2,450   43,519   3,330   53,464   -26.4%   -18.6%
  US Assembled Truck/SUV
   (3):                   1,523   20,652   5,407   27,240   -71.8%   -24.2%
  Imported Truck/SUVs
   (4):                   1,593   28,290   3,295   58,100   -51.7%   -51.3%
  US Assembled Vehicles:  4,258   78,649  10,249  126,761   -58.5%   -38.0%
  Imported Vehicles:      4,043   71,809   6,625  111,564   -39.0%   -35.6%
  ** Selling Days           MTD      YTD
  2004                       24      281
  2003                       25      281

 (1)  Galant, Eclipse, Eclipse Spyder
 (2)  Lancer, Lancer Sportback, Lancer Evolution, Diamante, Mirage Coupe,
      Mirage Sedan
 (3)  Endeavor
 (4)  Montero, Montero Sport, Outlander