Mitsubishi Motors' July Sales Reach 15,474 Units
4 August 1998
Mitsubishi Motors' July Sales Reach 15,474 UnitsCompany's Sales Expected to `Wake Up' with All-New Advertising Campaign and Launch of Galant Mid-Size Sedan CYPRESS, Calif., Aug. 3 -- Mitsubishi Motor Sales of America, Inc. has announced July sales of 15,474, a 9 percent decline in its monthly sales compared to 1997 figures. Bright spots for the Company include a 16 percent increase in sales of its Montero Sport mid-size sport utility vehicle and continued strong sales of the Eclipse sports coupe and convertible. Mitsubishi Motors officially began selling its all-new Galant this weekend, and its new "wake up and drive" national advertising campaign began last week. As the Company continued to clear its inventory of the current Galant to prepare for the new model, sales of the mid-size sedan climbed 9 percent. "As we've prepared for the launch of the all-new Galant, we've relied on regional advertising to promote our products," said Pierre Gagnon, executive vice president and chief operating officer. "Even so, sales of our Eclipse have remained strong in a very slow sports coupe market, and our Montero Sport continues to bring sales increases to our retailers month after month." Gagnon noted that the "wake up and drive" campaign -- Mitsubishi Motors' first national advertising campaign by Deutsch, Inc., of New York and Marina del Rey, Calif. -- should significantly increase consumers' awareness and positive perceptions of not only the Galant, but of the entire Mitsubishi Motors' line. "The launch of the all-new Galant is not only a wake up call for sedan buyers, it should also bring a significant increase in dealership traffic and subsequently our sales for the rest of the year," he added. 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. July '98 July '97 % Change Month/YTD Month/YTD Month/YTD Passenger Car Sales* 12,467/87,956 13,964/90,626 -11%/-3% Sport Utility Vehicles** 3,007/24,099 2,887/20,653 +4%/+17% Trucks*** 0/0 0/207 0/-100% Total Vehicle Sales 15,474/112,055 16,851/111,486 -8%/0.5% Note: U.S.-Built Vehicle Sales 9,018/61,074 9,851/63,439 -8%/-4% (Includes Eclipse/Eclipse Spyder/Galant) * Above totals include sales of U.S.-built Mitsubishi Motors vehicles ** Includes Montero and Montero Sport *** Truck sales include inventory stock only; MMSA stopped selling the Mighty Max pickup truck early in 1996