Mitsubishi Motors Has Best Month in Its History - November Sales Up 156%
2 December 1999
Mitsubishi Motors Has Best Month in Its History - November Sales Up 156%Company's Year-to-Date Increase is 33%, Outpacing Industry Growth CYPRESS, Calif., Dec. 1 -- Mitsubishi Motors had the best U.S. sales month in its history, with November 1999 results up 156 percent over the prior year. With a total of 28,090 units sold, the company is reporting a fifth consecutive month of record sales, with a year-to-date increase of 33 percent to 233,959 units, well ahead of the industry pace. Figures to note: -- Sales for the Montero Sport mid-size SUV were the best ever with 9,621 units sold, up 282 percent over last year -- Eclipse sport coupe sales of 5,387 units -- backed by the strong launch of an all-new 2000 model -- were up 161 percent over last November -- Galant mid-size sedan was up 142 percent to 8,031 units -- Five Mitsubishi Motors' products -- Montero Sport, Eclipse, Galant, Diamante luxury performance sedan and Mirage compact sedan -- had sales gains doubling last November's pace -- Mitsubishi Motors' U.S. year-to-date sales of 233,959 units have now surpassed the company's best total year sales (230,279 units were sold in 1994) "Our products are hot, our sales are on fire, and our dealers are happy -- it doesn't get any better than this," said Pierre Gagnon, executive vice president and chief operating officer for Mitsubishi Motor Sales of America, Inc. "With our sales increases continuing to outpace the industry, and with five record months in a row, the only question now is 'how high is high?'" Audio comments from Mr. Gagnon about November 1999 auto sales are accessible after 10:30 a.m. PST/1:30 p.m. EST through a RealPlayer download at PR Newswire's Web site. To listen, click to http://www.videonewswire.com/MITSUBISHI/120199. 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. Sales Results, November 1999: Mitsubishi Motor Sales of America, Inc. Nov. '99 Nov. '98 % Change Month/YTD Month/YTD Month/YTD Passenger Car Sales* 17,860/179,346 7,972/137,595 124.0%/30.3% Sport Utility Vehicles** 10,230/54,613 3,002/37,730 240.8%/44.7% Total Vehicle Sales 28,090/233,959 10,974/175,325 156.0%/33.4% US Assembled Cars: 13,577/123,768 5,736/94,798 136.7%/30.6% Imported Assembled Cars: 4,283/55,578 2,236/42,797 91.5%/29.9% Imported Truck/SUVs: 10,230/54,613 3,002/37,730 240.8%/44.7% US Assembled Vehicles (1): 13,577/123,768 5,736/94,798 136.7%/30.6% Imported Vehicles (2): 14,513/110,191 5,238/80,527 177.1%/36.8% * Above totals include sales of U.S.-assembled Mitsubishi Motors vehicles ** Includes Montero Sport and Montero (1) Galant, Eclipse and Eclipse Spyder (2) Mirage, Diamante, 3000GT, Montero Sport and Montero