Mitsubishi sales up!
Sep 27, 2005, 07:26 AM
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Mitsubishi sales up!
Hopefully they are making a small profit on the cars because sales are up:
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Mitsubishi Motors Announces Production, Sales and Exports for August 2005
Tokyo, September 27, 2005 — Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export results for August 2005.
Total global production was 103,774 units, an increase of 22.3 percent from August 2004. Domestically, 45,847 units were produced in the month, 57.8 percent more than the same period last year.
Total Sales in Japan came to 12,530 units, or a 23.5 percent increase of the previous period's figure. Domestic sales have now increased year-on-year for four consecutive months. Total sales for passenger cars were 8,029 units, 131 percent of last year's volume, while commercial vehicle sales also increased steadily, reaching 4,501 units, or 112.1 percent year-on-year.
Overseas production for the month rose to 57,927 units, a 3.7 percent increase from the amount manufactured last year. European production was up 78.7 percent compared to last year's volume, to 4,586 units. Production in Asia increased to 41,564 units, 105.2 percent of last year's figure for August, while production in North America slightly declined 0.2 percent to 9,060 units.
Total exports from Japan were up 19 percent to 33,803 units. Exports to Europe dropped to 10,028 units, or 91.9 percent year-on-year. Exports to Asia were down by 22.3 percent, for a total of 2,341 units, while exports to North America increased to 4,995 units, or 116.8 percent compared to the year before.
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Mitsubishi Motors Announces Production, Sales and Exports for August 2005
Tokyo, September 27, 2005 — Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export results for August 2005.
Total global production was 103,774 units, an increase of 22.3 percent from August 2004. Domestically, 45,847 units were produced in the month, 57.8 percent more than the same period last year.
Total Sales in Japan came to 12,530 units, or a 23.5 percent increase of the previous period's figure. Domestic sales have now increased year-on-year for four consecutive months. Total sales for passenger cars were 8,029 units, 131 percent of last year's volume, while commercial vehicle sales also increased steadily, reaching 4,501 units, or 112.1 percent year-on-year.
Overseas production for the month rose to 57,927 units, a 3.7 percent increase from the amount manufactured last year. European production was up 78.7 percent compared to last year's volume, to 4,586 units. Production in Asia increased to 41,564 units, 105.2 percent of last year's figure for August, while production in North America slightly declined 0.2 percent to 9,060 units.
Total exports from Japan were up 19 percent to 33,803 units. Exports to Europe dropped to 10,028 units, or 91.9 percent year-on-year. Exports to Asia were down by 22.3 percent, for a total of 2,341 units, while exports to North America increased to 4,995 units, or 116.8 percent compared to the year before.
Sep 27, 2005, 08:44 AM
#7
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Mitsubishi sees U.S. sales up in September
Reuters / September 26, 2005
DETROIT (Reuters) -- Mitsubishi Motors Corp. said on Monday that its U.S. sales will rise in September for the second consecutive month after about two years of decline.
"We think we are in the turnaround mode right now," Dave Schembri, executive vice president of sales and marketing for the Japanese automaker's U.S. operations, said in giving the forecast for the sales increase. He made the comments on the sidelines of an event where the company was promoting its new Raider mid-sized pickup truck.
Mitsubishi's U.S. sales rose 2 percent to 10,945 vehicles in August, up from 10,721 a year before. The results, which represent the company's first sales monthly increase in two years, were not adjusted for the extra selling day last month. When adjusted, August sales actually showed a 1.8 percent decline.
The expected lift in sales this month should come mainly from the redesigned Eclipse car, which was launched this summer, Schembri said.
Mitsubishi, Japan's only unprofitable automaker, has said it is on track toward recovery after a litany of problems, including a scandal involving the cover-up of recalls and a sharp slowdown in U.S. and Japanese sales.
Last year, its U.S. sales dropped 37.1 percent to 161,609 units -- the lowest in 15 years and less than half what it sold just two years before. Its U.S. market share fell one half a percentage point to 1.0 percent. U.S. sales are down 29.6 percent year-to-date.
Schembri blamed the sales decline so far on the company's decision to move away from low-margin daily rental business.
The sales and marketing chief, who joined the company in February from Mercedes-Benz USA, said the automaker's new incentive program -- one year's worth of free gasoline with its 2005 model-year vehicles in the United States -- is off to a great start.
The company had to start the program, which was originally planned to begin last Friday, a day early because consumers were showing up at dealerships asking for it, Schembri said.
Under the program, which runs through the end of October, all buyers will receive prepaid debit cards, worth between $1,500 to $2,500, that can be used for gasoline at most retail locations.
Schembri, however, declined to say if Mitsubishi would extend the offer to 2006 model-year vehicles. Mitsubishi Motors is about 13 percent owned by DaimlerChrysler AG.
Reuters / September 26, 2005
DETROIT (Reuters) -- Mitsubishi Motors Corp. said on Monday that its U.S. sales will rise in September for the second consecutive month after about two years of decline.
"We think we are in the turnaround mode right now," Dave Schembri, executive vice president of sales and marketing for the Japanese automaker's U.S. operations, said in giving the forecast for the sales increase. He made the comments on the sidelines of an event where the company was promoting its new Raider mid-sized pickup truck.
Mitsubishi's U.S. sales rose 2 percent to 10,945 vehicles in August, up from 10,721 a year before. The results, which represent the company's first sales monthly increase in two years, were not adjusted for the extra selling day last month. When adjusted, August sales actually showed a 1.8 percent decline.
The expected lift in sales this month should come mainly from the redesigned Eclipse car, which was launched this summer, Schembri said.
Mitsubishi, Japan's only unprofitable automaker, has said it is on track toward recovery after a litany of problems, including a scandal involving the cover-up of recalls and a sharp slowdown in U.S. and Japanese sales.
Last year, its U.S. sales dropped 37.1 percent to 161,609 units -- the lowest in 15 years and less than half what it sold just two years before. Its U.S. market share fell one half a percentage point to 1.0 percent. U.S. sales are down 29.6 percent year-to-date.
Schembri blamed the sales decline so far on the company's decision to move away from low-margin daily rental business.
The sales and marketing chief, who joined the company in February from Mercedes-Benz USA, said the automaker's new incentive program -- one year's worth of free gasoline with its 2005 model-year vehicles in the United States -- is off to a great start.
The company had to start the program, which was originally planned to begin last Friday, a day early because consumers were showing up at dealerships asking for it, Schembri said.
Under the program, which runs through the end of October, all buyers will receive prepaid debit cards, worth between $1,500 to $2,500, that can be used for gasoline at most retail locations.
Schembri, however, declined to say if Mitsubishi would extend the offer to 2006 model-year vehicles. Mitsubishi Motors is about 13 percent owned by DaimlerChrysler AG.
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