Mitsubishi Motors Announces Production, Sales and Export Results
for June and First Half of CY2003
-Domestic sales return to growth for six-month period-
Tokyo, July 28, 2003-Mitsubishi Motors Corporation (MMC) today announced its production, sales and export results for June and the six months to June 30, 2003. Domestic sales in the first half of 2003 grew for the first time in four years compared with the same period for previous years.
June 2003 results
Total worldwide production in June slipped 3.4 percent to 134,323 units. Of this, production in Japan inched up 1.8 percent to 57,797 units, rising for the second straight month. Overseas production, meanwhile, was off 7 percent compared to June last year, coming in at 76,526 units for the second monthly decline. By area, Asia excluding Japan remained relatively stable with a 0.7 percent decline to 48,827 units. North American production dropped 14.1 percent to 15,544 units and Europe saw a 15.5 percent decline to 7,559 units.
Domestic sales including minicars continued to climb with a 22.2 percent surge on June last year to 34,257 units. MMC's share of the domestic market declined marginally to 5.6 percent, down from 6.9 percent last June.
Exports from Japan totaled 27,498 units for the month, down 20.2 percent compared to the same period last year. By area, exports to Asia came in at 6,394 units, North America 3,898 units, and Europe 10,440 units. As a result of the spin-off of MMC's truck and bus operations in January 2003, regional year-on-year changes are not available due to a change in the system used to tally exports.
January to June 2003 results
Global production for the six months to June 2003 reached 816,920 units, inching up 1.4 percent on last year's output for the first six months. Japanese production slipped 1.5 percent to 366,282 units. Offshore production was up 4 percent to 450,638 units. By area, Asia excluding Japan jumped 10 percent to 282,357 units, North America was down 0.8 percent to 102,564 units, and Europe declined 8.3 percent to 39,964 units.
Domestic sales returned to growth for the six-month period, the first such gain since the six months to June 30, 1999. Sales in Japan including minicars totaled 197,019, up 2.1 percent on the same period last year. MMC's share including minicars and imports remained unchanged at 6.5 percent.
A total of 180,019 units headed overseas for the six months to June 30, up 0.4 percent on year. Exports to Asia reached 25,925 units, North America 58,272 units, and Europe 43,217. As a result of the spin-off of MMC's truck and bus operations in January 2003, regional year-on-year changes are not available due to a change in the system used to tally exports.
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|
June '03 |
Fiscal Year 2003 |
Calendar Year 2003 |
|||||
|
Volume |
YoY Chg. |
Volume |
YoY Chg. |
Volume |
YoY Chg. |
|||
|
Domestic |
Passenger Cars |
48,475 |
98.4 |
141,608 |
101.5 |
319,097 |
98.9 |
|
|
|
Total |
57,797 |
101.8 |
162,934 |
102.5 |
366,282 |
98.5 |
|
|
Domestic |
Passenger |
Registrations |
11,836 |
186.2 |
25,920 |
166.8 |
68,949 |
151.0 |
|
|
|
Total |
25,110 |
132.6 |
56,773 |
112.2 |
148,684 |
107.8 |
|
|
Commercial |
Registrations |
1,845 |
77.5 |
4,675 |
72.3 |
11,203 |
72.7 |
|
|
|
Total |
9,147 |
100.7 |
21,567 |
93.1 |
48,335 |
87.7 |
|
|
Registrations Total |
13,681 |
156.6 |
30,595 |
139.0 |
80,152 |
131.3 |
|
|
|
Minicars Total |
20,576 |
106.7 |
47,745 |
92.3 |
116,867 |
96.2 |
|
|
|
Grand Total |
34,257 |
122.2 |
78,340 |
106.2 |
197,019 |
102.1 |
|
|
Exports |
Passenger Cars |
26,128 |
79.5 |
72,081 |
87.3 |
172,495 |
99.9 |
|
|
|
Total |
27,498 |
79.8 |
75,688 |
87.7 |
180,019 |
100.4 |
|
|
|
||||||||
|
Production |
Domestic |
57,797 |
101.8 |
162,934 |
102.5 |
366,282 |
98.5 |
|
|
|
Total |
134,323 |
96.6 |
385,726 |
97.8 |
816,920 |
101.4 |
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MITSUBISHI MOTOR CORPORATION
Copyright 2003 by Mitsubishi Motors Corporation.