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Mitsubishi Motors Reports Best July Sales in History

2 August 2000

Hot Sales Pace Driven by Strong Appeal of SUVs And Continued Strength of Galant Sedan

                

    CYPRESS, Calif. - Mitsubishi Motor Sales of America, Inc. today reported its 
best-ever July sales with 30,005 total vehicles, up 28.5% over July 1999.  It is 
also the second best month in Mitsubishi Motor's 18-year history, coming in just 
under last month's record of 32,321.  Strong sales were driven in July by the 
all-new 2001 Montero luxury SUV and the Montero Sport compact SUV, along with 
continued strength of the Galant mid-sized family sedan.  This sales volume 
keeps Mitsubishi Motors well on target to top the 300,000 mark for the year.

    Product sales numbers of note:

    -- Best-ever July for total Montero sales, with 3,123 vehicles sold,
       up 674.9% over July 1999.

    -- Best-ever July for total Montero Sport sales, with 5,563 vehicles sold,
       up 56.3% over July 1999.

    -- Best-ever July for Galant Sedan sales, with 9,079 vehicles sold,
       up 12.5% over July 1999.

    -- Best-ever July for Mirage Sedan sales, with 3,738 vehicles sold,
       up 28.5% over July 1999.

    "Mitsubishi's best-ever July is fueling a record year, in spite of a
softening consumer market," said Pierre Gagnon, MMSA executive vice president
and chief operating officer.  "We are very optimistic that our exceptional
first half sales pace will continue thanks to our best-ever product lineup and
the outstanding support of our retail partners."

    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.  Its
website can be accessed at mitsubishicars.com.

      Sales Results, July 2000: Mitsubishi Motor Sales of America, Inc.

                          July '00           July '99          % Change
                         Month/YTD          Month/YTD          Month/YTD

    Passenger
     Car Sales*       21,319 / 135,884   19,379 / 104,657     10.0% / 29.8%

    Sport Utility
     Vehicles**        8,686 /  50,685    3,963 /  28,794    119.2% / 76.0%

    Total Vehicle
     Sales            30,005 / 186,569   23,342 / 133,451     28.5% / 39.8%

    US Assembled
     Cars:             15,835 / 98,157    14,273 / 69,574     10.9% / 41.1%
    Imported Cars:      5,484 / 37,727     5,106 / 35,083      7.4% /  7.5%
    Imported
     Truck/SUVs:        8,686 / 50,685     3,963 / 28,794    119.2% / 76.0%
    US Assembled
     Vehicles (1):     15,835 / 98,157    14,273 / 69,574     10.9% / 41.1%
    Imported
     Vehicles (2):     14,170 / 88,412     9,069 / 63,877     56.2% / 38.4%

     *  Above totals include sales of US assembled Mitsubishi Motors vehicles
    **  Includes Montero Sport and Montero

    (1) Galant, Eclipse and Eclipse Spyder
    (2) Mirage, Diamante, 3000GT, Montero Sport and Montero