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Subaru of America, Inc. Reports Record Sales for July

2 August 2000

Brand Posts Best July Sales Month in 14 Years

    CHERRY HILL, N.J. - Subaru of America, Inc. today announced record sales 
figures for the month of July.  Subaru recorded a sales total of 15,041 units 
for the month, an increase of 14 percent from the same period last year.  Subaru 
continues to post strong sales increases, with year-to-date totals of 98,392 
units, up 15 percent from 1999 year-to-date totals of 85,478 units.  This marks 
the company's best July total sales month since 1986.

    The Legacy model line led sales with 7,955 units posted, up 13 percent
from July 1999 Legacy sales of 7,020 units and the best July ever for the
Legacy model line.  Outback accounted for 5,661 units for the month, up
12 percent from July 1999.  Forester posted sales of 5,252 units for the
month, an increase of 22 percent from the same period in 1999 and the second
best sales month ever for this model.  Impreza accounted for 1,834 units for
the month of July.

    About Subaru of America, Inc.

    Subaru of America, Inc. is a wholly owned subsidiary of Fuji Heavy
Industries Ltd. of Japan.  Headquartered near Philadelphia, the company
markets and distributes Subaru vehicles, parts and accessories through a
network of 588 franchised dealers across the United States.  All Legacy and
Outback models sold in the U.S. are produced at the company's American
manufacturing plant, Subaru-Isuzu Automotive, near Lafayette, Ind.

    Over the past eight years, the company has nearly tripled its revenues and
seen its sales increase by nearly 100 percent thanks to its popular line of
car-based sport utility vehicles.  The company is among the fastest growing
brands in the automobile industry and was recently named "Most Improved Car
Company in the World" by the London-based Financial Times Automotive World
Magazine.