Mitsubishi Motors announces production, sales and export figures for October 2007

Total global production came in at 124,136 units, an increase of 14.8 percent over October 2006 and marking the eighth consecutive monthly increase since March this year.

Production volume in Japan increased 10.1 percent to 75,316 units, the thirteenth consecutive month of year-on-year growth. This growth was driven by a 28.8 percent increase in output (26,378 units) of the new Lancer for the Russian, North American, and Middle East and African markets and by a 147.9 percent increase in output (14,789 units) of the new Outlander for the U.S., European and Chinese markets.

Vehicle sales in Japan in October totaled 14,751 units, a 18.7 percent decrease year-on-year. Passenger car (registrations and mini-car) sales of 11,072 units and commercial vehicle sales of 3,679 units were 20.3 percent and 13.6 percent down respectively on the same month last year. Total registered vehicle sales were 17.2 percent up year-on-year driven mainly by the introduction of the new Galant Fortis. Total mini-car sales were 33.5 percent down.

Overseas production volume totaled 48,820 units, 23.0 percent up over October last year. In Europe production came in at 6,555 units or 15.6 percent up on last year's figure. In North America production at 7,858 units was 16.6 percent down on last year. In Asia production at 29,648 units was 39.8 percent up on October 2006 driven by an increase in export shipments of the L200 pickup truck from Thailand.

Total exports from Japan of 43,886 units were 60.1 percent up on October 2006, marking the twelfth consecutive month of year-on-year increases and setting a new record for October since Mitsubishi Motors spun off its truck and bus operations in 2003. Exports to Europe of 19,842 units marked a very substantial 109.1 percent increase on the back of buoyant sales in Russia, the Ukraine and central Europe, and the highest level for October since 2003. Exports to Asia of 2,819 units were 171.3 percent up over the same period last year. Exports to North America of 2,224 units were 36.7 percent down on October 2006.

('07/4-'07/10) Calendar Year2007 ('07/1-'07/10) Volume YoY(%) Volume YoY(%) Volume YoY(%)

Production Passenger Cars 67,809 111.9 418,591 120.3 615,915 116.4

Commercial Vehicles 7,507 96.6 48,613 80.1 74,763 87.0

Total 75,316 110.1 467,204 114.3 690,678 112.3

Sales * Passenger

Cars Registrations 5,708 121.0 39,629 129.9 65,036 116.6

Minicars 5,364 58.4 45,383 73.4 79,538 74.7

Total 11,072 79.7 85,012 92.1 144,574 89.1

Vehicles Registrations 487 85.6 3,525 47.5 5,362 43.9

Minicars 3,192 86.5 26,937 82.4 41,831 81.5

Total 3,679 86.4 30,462 75.9 47,193 74.3

Registrations Total 6,195 117.2 43,154 113.7 70,398 103.5

Minicars Total 8,556 66.5 72,320 76.5 121,369 76.9

Grand Total 14,751 81.3 115,474 87.2 191,767 84.9

Exports Passenger Cars 42,660 163.2 317,472 151.7 456,860 146.5

Commercial Vehicles 1,226 96.9 8,495 90.7 12,138 97.0

Total 43,886 160.1 325,967 149.1 468,998 144.6

Production Domestic Production 75,316 110.1 467,204 114.3 690,678 112.3

Overseas Production 48,820 123.0 336,192 106.6 475,798 101.3

Total 124,136 114.8 803,396 111.0 1,166,476 107.6

* Includes imports to Japan.

* Excludes truck and bus units as MMC's truck and bus operations were spun off into Mitsubishi Fuso Truck and Bus Corporation in January 2003.

* Effective from October 2006, "Delica Wagon" and "Pajero" (also "Montero" or "Shogun") figures which used to be included in the Commercial Vehicles category are now included in Passenger Cars category.

- Fumio Nishizaki-