Mitsubishi Motors continues recovery with 18% sales growth in calendar year 2018

Mitsubishi Motors continues recovery with 18% sales growth in calendar year 2018

30.01.2019: Annual sales up 18% to 1.22 million in CY 2018 Overseas sales reach 1,114,286 units, up 19% vs CY 2017 Japan, Europe and


    Annual sales up 18% to 1.22 million in CY 2018


    Overseas sales reach 1,114,286 units, up 19% vs CY 2017


    Japan, Europe and North America all experience double-digit percentage increases


    ASEAN region sees 322,284 sales, up 35%, following success of new XPANDER


 



Mitsubishi Motors Corporation (MMC) has revealed strong sales figures for CY 2018, with volumes up by 18% to 1,218,897 units. The figures prove the company still has strong momentum behind its V-shaped recovery plan, with double-digit percentage increases in both domestic and overseas markets.
 


New products including the Eclipse Cross SUV and revised Outlander PHEV saw sales in Japan grow from 91,630 to 104,611 – an increase of 14% versus CY 2017. Overseas sales were 1,114,286, an increase of 175,452 units and up +19% on the year.


 
Export markets also showed strong growth, with the United States up 14% to 118,075 units and Western Europe rising 19% to 178,414. Particular highlight was a 64% increase in France (to 7,303 units). Eastern Europe saw the greatest percentage growth – an increase of 79% versus CY 2017, in particular Russia with 45,391 sales, up 87% from the previous year.
 


As a region, it was the ASEAN business which saw the greatest rise with 322,284 sales, up 35% versus 2017. Indonesia was the main driver of this growth, with 146,805 sales – a massive 84% increase pushed by the success of new XPANDER compact multi-purpose vehicle. Mitsubishi Motors opened a new assembly plant in Indonesia during 2017 to build the new model. This success builds on the strong growth in 2017 too, meaning sales in Indonesia have risen by 118% in the past two years.
 


Other strong performances came from Thailand, with sales up 21% to 84,560, Vietnam (+60% to 10,969) and Malaysia (up 32% to 9,261).


 
Trevor Mann, chief operating officer of Mitsubishi Motors, said:
"Our strong performances in 2018 are proof that our Drive For Growth plan to lead Mitsubishi to a sustainable recovery is working. We continue to be exceptionally strong in ASEAN region, and are also seeing pleasing growth in other key markets as new products reach customers and our SUV and EV offerings become increasingly relevant and attractive."'
 




- Mitsubishi Tokyo also photos

Permanent-URL: http://www.automobilsport.com/mitsubishi-recovery-sales-calendar-year-2018---185923.html

30.01.2019 / MaP

More News

Renault Board of Directors communication
24.01.2019
Renault's Board of Directors met on January 24, 2019 at 10 a.m. under the chairmanship of Philippe Lagayette, Lead Independent Director. photo caption: Mr. Jean more >>
Kia Motors America Posts Best-Ever 2018 Certified Pre-Owned and Branded Products Program Sales
24.01.2019
Award-winning CPO Program Stands out From the Competition with 2.0-percent Increase Year-over-Year •    Sportage and Forte set sales records with 9,420 and 9,233 vehicles sold, respectively•    Kia’s diverse lineup of vehicles continue to reach a broad segment of consumers more >>
Dr. Stephan Wöllenstein appointed to Volkswagen brand Board of Management
23.01.2019
Dr. Stephan Wöllenstein, CEO of the Volkswagen brand in China, has been appointed to the Board of Management of the Volkswagen Passenger Cars brand effective February 1, 2019.Dr. Stephan more >>
Audi electrifies the World Economic Forum in Davos
22.01.2019
Audi e-tron fleet powered by green electricity        Research project on reuse of electric cars’ batteries        Audi CEO Bram Schot: “Focus on sustainable mobility solutions”  more >>
PWC : CEO confidence in growth dips dramatically
21.01.2019
•    Uncertainty in global economic growth in almost all countries, caution prevails •    US remains key target market for growth with China narrowing the gap, both see a decline from 2018  •    Trade conflicts, policy uncertainty, geopolitical issues and skills gap impacting strength of global econ more >>
Groupe PSA inaugurates the multi-energy Powertrain Expertise Centre
18.01.2019
....in Carrières-sous-Poissy (France), to support the energy transition •    The inauguration of the Powertrain Expertise Centre (CEP) in Carrières-sous-Poissy (Paris region), dedicated to powertr more >>
Fastned stärkt Kapitalvermögen
18.01.2019
Schnellladeunternehmen erhält 6 Mio. Euro neues Kapital Fastned, welches ein europäisches Netzwerk an Schnellladestationen aufbaut, hat seine Bilanz mit 6 Millionen Euro neuem Kapital gestärkt. Dies beinhalt more >>
Alliance Ventures invests in Tekion
16.01.2019
.... the next-gen digital cloud platform for automotive retailInvestment in US provider of dealership software systems marks a new commitment for digital consumer experience in first year of corporate venture capital fund. Al more >>
Volkswagen AG and Ford Motor Company Launch Global Alliance
15.01.2019
Alliance leverages the two global automakers’ strengths to better compete, innovate and serve customers    Alliance does not involve cross-ownership between the two companies    Companies to first deliver medium pickup tru more >>
Senior appointments announced at Lotus
15.01.2019
    James Andrew appointed Director, Communications & PR    Simon Clare appointed Director, Global MarketingGroup Lotus is delighted to announce two new senior appoint more >>
UNCTAD: Creative economy bucks the trend, grows despite slowdown in global trade
14.01.2019
Latest data shows that China dominates trade in creative goods and servicesGlobal trade in creative goods is expanding with average export growth rates of more than 7%, according to a new UNCTAD report outlining trends in the global creative economy.The report, which includes sector-level profiles for 130 developed and devel more >>
BMW Group remains world’s leading premium automotive company in 2018
11.01.2019
-  Eighth consecutive year of record sales - Best-ever sales figures for BMW, Rolls-Royce and BMW Motorrad - BMW sales up 1.8%: 2,125,026 sold worldwide - More than 140,000 electrified vehicles delivered worldwide - Sales surge at BMW M GmbH: more than 100,000 sold - Positive sales outlook for 2019: further growth expected more >>
New delivery record for Volkswagen Group in 2018
11.01.2019
10.83 million vehicles delivered worldwide (+0.9 percent) – a new all-time record    Growth in deliveries and market shares in South America, Europe, the USA and China    Successful product offensive of the brands more than compensates for regional risks: SUV models are key growth drivers    more >>
Communication following the meeting of the Directors of Renault
10.01.2019
...held on January 10, 2019During Groupe Renault’s Board of Directors’ information meeting held on January 10, 2019, Claude Baland, Senior Advisor in charge of Ethics and Compliance, and Eric more >>
1 Jahr Beschwerdestelle Zahlungsentgelte
10.01.2019
– Wettbewerbszentrale zieht trotz weiteren Klärungsbedarfs positive BilanzSeit 13.01.2018 sind die gesetzlichen Regelungen in Kraft, die es Händlern verbieten, für die gängigsten Zahlungsmöglichkeiten zusätzliche Entgelte vom Verbraucher zu verlangen. Die Wettbewerbszentrale hat im Rahmen ihrer Funktion als Selbstkontr more >>
Record figures take Automobili Lamborghini to a new level: 5,750 cars delivered in 2018
10.01.2019
•    Lamborghini increases worldwide sales by 51% from 3,815 to 5,750 units•    Global sales growth for eight consecutive years•    Record sales performance for both super sports car model lines: V10 and V12 •    New Super SUV adding sales momentum: 1,761 Urus delivered to more >>
Toyota Motor Europe approaching half a million sales of self-charging hybrid electric vehicles in 2018
10.01.2019
    Toyota Motor Europe(1) sold 1,035,400 vehicles in 2018:        ​+3% versus last year, in a stable market        Reaching 5.0% market share    Another hybrid electric sales record with 480,800 vehicles:     more >>
Lexus achieves 5th consecutive year of sales growth in Europe
09.01.2019
    Lexus Europe sold 76,188 vehicles in 2018, an all-time record for the brand in the region    Self-charging hybrid vehicles represented 95% of sales in Western and Central Europe    Sales increase was led by LS, LC and NX as well as continued success of RX and CT    Sales growth of 76% in more >>
BMW Group UK reports 2018 sales
07.01.2019
• BMW electric and petrol/electric vehicle sales up by 25 per cent • MINI achieves record UK market share BMW Group has reported 239, 069 BMW and MINI vehicle registrations in 2018 with both brands significantly outperforming the total UK more >>
McLaren Automotive announces record global sales
07.01.2019
    Global sales of 4,806 cars in 2018, up 43.9% compared to 2017    North America continues to be largest market plus 49.2% year-on-year UK ‘home’ market growth    Bespoke division, MSO, triples order book in one year more >>
BMW Reports December 2018 and Year-End U.S. Sales.
03.01.2019
    BMW brand sales increase for 14th consecutive month.    U.S. built BMW X3 posts best year of sales of any SAV in BMW history.    BMW 5 Series more >>
Daimler Trucks with best sales result in the past decade
03.01.2019
Daimler Trucks sells well over 500,000 trucks in 2018    Daimler Trucks achieves one of the best sales years in its history    Deliveries after eleven months already 11 percent above the prior-year level more >>
American Honda Post December Sales Increase
03.01.2019
•    Acura brand sales rise 2.8% in 2018, punctuated by best-ever monthly and annual truck sales•    Acura RDX has best-ever annual and December sales, its second-best month in history•&n more >>
Rekordumsatz für LIQUI MOLY bei langsameren Wachstum
27.12.2018
Handelskonflikte, schwacher Rubel und Rohölpreis bremsen Öl- und AdditivspezialistenAuch im ersten Jahr unter dem Dach der Würth-Gruppe verbucht LIQUI MOLY einen neuen Umsatzrekord. Aber die Wachstumskurve verläuft flacher als zuletzt. 544 Millionen Euro verzeichnete der Öl- und Additivspezialist 2018 und damit nur zwei Prozent mehr als i more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for November 2018
26.12.2018
Mitsubishi Motors Announces Production, Sales and Export Figures for November 2018Overseas Production*1     75,077     117.3     507,793   &n more >>
Michel Vercruyssen succède à Sarah Timmermans au poste de Managing Director d’Opel Belgium
23.12.2018
Sarah Timmermans, l’actuelle Managing Director d’Opel Belgium, quitte l’entreprise. Le Belge Michel Vercruyssen, Marketing Manager d’Opel Nederland, lui succèdera à partir du 1er janvier more >>
TRATON becomes an SE - Further milestone
20.12.2018
Annual Shareholders Meeting of TRATON AG resolves transformation into TRATON SE    New legal form emphasizes Group’s international identity    New Supervisory Board and Executive Board of TRATON SE appointed more >>
Volkswagen introduces new remuneration model for top management
19.12.2018
Based on remuneration system for Group Board of Management    Emphasis on Group idea and joint achievement    Stronger focus on financial situation, return targets and share basis The Volkswagen Group has revised its top management remuneration system. The new model is based on the syste more >>
Changements à la direction d’Opel Belgium
18.12.2018
Chez Opel Belgium il y aura des changements de direction importants :Guy Van Gaever, Manager B2B Opel Belgium, a décidé de quitter Opel Belgium pour poursuivre sa carrière more >>
Goodyear to Expand the Capacity of its Slovenian Manufacturing Facility
18.12.2018
•    Planned investment of €94 million to increase current capacity by approximately 25%.•    Will result in up to 1.8 million additional premium, larger-rim-diameter tires annually by 2022.•    Expansion expected to create approximately 160 new jobs.•    Constr more >>
BMW i Ventures Announces Strategic Investment in Graphcore.
18.12.2018
BMW i Ventures has announced a strategic investment in Graphcore, a company developing a new kind of computer processor and software specifically designed for machine intelligence. Since the company’s founding only two years ago, Graphcore has helped innovators create next-generation machine intelligence solutions. Graphcore’s Inte more >>
Jens Thiemer new BMW Head of Brand Steering and Marketing
14.12.2018
New leadership for BMW Brand Management From 1 January 2019, Jens Thiemer will be the new head of BMW Brand Management. Following his degree in business studies, Thiemer (46) has gained many years of experience in automotive brand management and more >>
Thomas Zahn new President and CEO of Volkswagen Group Argentina
13.12.2018
Hernan Pablo Vazquez Santa Cruz to assume new role within the Group Thomas Zahn, previously Head of Sales and Marketing, Germany, of Volkswagen AG, is to become President and CEO of Volkswagen Group more >>
Bram Schot to be the new Chairman of the Audi Board of Management
12.12.2018
Audi Supervisory Board Chairman and Volkswagen CEO Dr. Herbert Diess: “We have laid important groundwork for Audi’s future orientation.”        Peter Mosch, Deputy Chairman of the Supervisory Board and Chairman of the General Works Council: “Workforce expects further impetus for the new start at the company.”  more >>
Hyundai Motor Group Announces Leadership Appointments
12.12.2018
•  New appointments designed to lead group-wide innovation to bolster future competitiveness Hyundai Motor Group has announced leadership appointments at various affiliates including Hyundai Motor Company and Kia Motors Corporations as the more >>
Audi in November: Deliveries remain down on last year due to exceptional situation
11.12.2018
The brand’s current model range posted sales of 57,721 units in China in November, surpassing the same month of the previous year by 2.7 percent. In the middle of the month, the Ingolstadt-based automaker celebrated its 30th anniversary with local partner First Automotive Works (FAW) and set out joint plans for the future: Audi wants to increase its local portfolio to more than te more >>
Dr. Ulrich Eichhorn to become Chairman of Management Board of IAV
10.12.2018
Dr. Frank Welsch to be Group Head of Research and Development in addition to current position Dr. Ulrich Eichhorn, currently head of Research and Development of the Volkswagen Group, is to become Chairman of the Management Board of IAV GmbH in Berlin with effect from January 1, 2019. more >>
Mercedes-Benz grows worldwide sales in November
06.12.2018
Last month, Mercedes-Benz achieved sales growth with sales of 198,545 vehicles (+1.5%).Mercedes-Benz sold 2,103,653 units in the first eleven months of the year, which is slightly above the high prior-year level (+0.4%).With its Mercede more >>
Volkswagen brand to speed up operating return
06.12.2018
Operating return of at least 6 percent as early as 2022    Numerous additional measures to improve efficiency planned    Future investments of over €11 billion through 2023, of which over €9 billion to be s more >>

2001-2019 automobilsport.com full copyright