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http://www.tradingmarkets.com/.site/news/Stock News/1134458/
Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for January 2008.
Production: total and in Japan
Total global production came in at 115,805 units, an increase of 7.5 percent over January and marking the 11th consecutive monthly increase since March last year. Production volume in Japan at 72,622 units was up 14.5 percent, the 16th consecutive month of year-on-year growth and marking a new record for January since Mitsubishi Motors spun off its truck and bus operations in 2003. This growth was driven by a 38.1 percent increase in output (24,717 units) of the new Lancer for the Russian, North American, and Middle East and African markets and by a 24.1 percent increase in output (14,680 units) of the new Outlander which is selling briskly in European and Chinese markets.
Sales in Japan
Vehicle sales in Japan in January totaled 15,165 units, a 2.3 percent decrease year-on-year. Passenger car (registrations and mini-car) sales of 12,017 units and commercial vehicle sales of 3,148 units were 1.3 percent up and 13.8 percent down respectively on the same month last year. Total registered vehicle sales were 36.4 percent up year-on-year driven mainly by the Lancer Evolution X, a new addition to the lineup since this time last year, by the Galant Fortis and by an encouraging 29 percent increase in sales of models in the Colt series. Total mini-car sales were 19.3 percent down.
Production overseas
Overseas production volume totaled 43,183 units, 2.7 percent down over January last year and the first decline since August 2007.
Export shipments from Japan
Total exports from Japan of 57,364 units were 36 percent up on January 2007, marking the 15th consecutive month of year-on-year increases and setting a new record for January since Mitsubishi Motors spun off its truck and bus operations in 2003. Exports to Asia of 2,141 units were 5.5 percent up over the same period last year thanks mainly to firm sales of the new Outlander in China, where Hunan Changfeng Motor Co., Ltd. also posted increased Pajero unit sales over the same period last year. Exports to Europe of 29,316 units were 102.7 percent up on January 2007 and a record since the 2003 spin off of the company's truck and bus operations. This surge was driven mainly by firm sales of the new Lancer and new Outlander as well as by healthy market growth in Russia and the Ukraine.
