Mitsubishi Motors Reports December U.S. Sales

CYPRESS, Calif., Jan. 4, 2005 -- Mitsubishi Motors North America, Inc., (MMNA) today reported December 2004 U.S. sales of 11,151 units -- a 34 percent increase from November's sales volume. Mitsubishi Motors has sold 161,609 units year to date in the United States.

"We are very pleased with this month's sales, which reflect the company's strategic shift from fleet to retail -- in fact, December was the best retail sales month since August," said Michael Tocci, senior vice president of sales, fleet and distribution at Mitsubishi Motors North America. "We look forward to an even more prosperous 2005 as we continue advancing the business objectives of our turnaround plan."

In addition to the overall monthly increase in sales volume, MMNA experienced a dramatic increase in sales of several vehicles, including a 99 percent increase in Galant sales from last month at 3,980 units (and a 54 percent increase from December 2003), a 23 percent increase in Outlander sales from last month at 1,298 units, and a 17 percent increase in Endeavor sales from last month at 1,781 units.

Mitsubishi Motors North America, Inc., (MMNA) is responsible for all manufacturing, finance, sales, marketing, research and development operations of the Mitsubishi Motors Corporation in the United States and Canada. Mitsubishi Motors sells coupes, convertibles, sedans and sport utility vehicles through a network of approximately 600 dealers. For more information, contact the Mitsubishi Motors News Bureau at (888) 560-6672 or visit media.mitsubishicars.com.

  Following is the sales breakdown for December 2004:

                                2004             2003             2004
                             DEC    CYTD     DEC     CYTD     DEC     CYTD

  ECLIPSE COUPE              692   12,012   1,291   27,897  -46.4%   -56.9%
  ECLIPSE SPYDER             183    7,349     615   10,978  -70.2%   -33.1%
  LANCER                   1,865   35,005   2,413   43,083  -22.7%   -18.7%
  LANCER EVOLUTION           336    4,497     436    4,949  -22.9%    -9.1%
  LANCER SPORTBACK           172    2,204      --       --    0.0%     0.0%
  MIRAGE COUPE                --       --      --      173    0.0%  -100.0%
  MIRAGE SEDAN                --       --      --        1    0.0%     0.0%
  GALANT                   3,980   43,491   2,589   65,141   53.7%   -33.2%
  DIAMANTE                   193    4,379   1,067    9,174  -81.9%   -52.3%
  TOTAL CAR                7,421  108,937   8,411  161,396  -11.8%   -32.5%
  OUTLANDER                1,298   18,104   2,176   34,088  -40.3%   -46.9%
  MONTERO SPORT              300    6,954   1,835   20,306  -83.7%   -65.8%
  ENDEAVOR                 1,781   22,433   4,814   32,054  -63.0%   -30.0%
  MONTERO                    351    5,181   1,122    8,839  -68.7%   -41.4%
  TOTAL SUV                3,730   52,672   9,947   95,287  -62.5%   -44.7%
  TOTAL                   11,151  161,609  18,358  256,683  -39.3%   -37.0%
  US Assembled Cars(1):    4,855   62,852   4,495  104,016    8.0%   -39.6%
  Imported Cars(2):        2,566   46,085   3,916   57,380  -34.5%   -19.7%
  US Assembled Truck/
   SUV(3):                 1,781   22,433   4,814   32,054  -63.0%   -30.0%
  Imported Truck/
   SUVs(4):                1,949   30,239   5,133   63,233  -62.0%   -52.2%
  US Assembled Vehicles:   6,636   85,285   9,309  136,070  -28.7%   -37.3%
  Imported Vehicles:       4,515   76,324   9,049  120,613  -50.1%   -36.7%
  ** Selling Days            MTD      YTD
  2004                        27      308
  2003                        26      307

   (1)  Galant, Eclipse, Eclipse Spyder
   (2)  Lancer, Lancer Sportback, Lancer Evolution, Diamante, Mirage Coupe,
        Mirage Sedan
   (3)  Endeavor
   (4)  Montero, Montero Sport, Outlander