Early 2018 Sales Figures for Mitsubishi Motors up Year over Year
The numbers are in for the early 2018 sales figures for Mitsubishi, and they are pretty much everything the automaker wanted them to be.
Yesterday Mitsubishi Motors Corporation announced that from April 1 to September 30, 2018, the manufacturer saw net sales of 1,169.3 billion yen. The report is a 23.5% increase from the mirrored timeframe last year.
Its unit sales increased 19% year-over-year to 594,000 units. The XPANDER, MPV crossover, and Triton pick-up truck all contributed to the 36% jump in Asia, and the Outlander lead the way for China’s 19% boost. Europe witnessed a 29% sales increase as well.
Shop Outlander: Find your Mitsubishi Outlander here
Mitsubishi stopped making the Lancer in recent years and formally added the Mitsubishi Eclipse Cross to its lineup this year in the United States, Canada and Europe, bringing more buzz and stardom to the area of its lineup it shines most – crossovers. With recent news of selling the Eclipse Cross in China, Mitsubishi will likely see its year-over-year net sales and sold units continue to increase.
Explore Eclipse Cross: Take a closer look at the Mitsubishi Eclipse Cross
Chief Executive Officer Osamu Masuko said in a press release that the results give the Japanese manufacturer a strong outlook for meeting their 2018 goals.
“Despite the impact of natural disasters on production and shipments in Japan since June, the financial results for the first-half of the fiscal year were largely in line with our annual plan. Therefore, the Board of Directors has decided to pay an interim dividend of 10 yen per share as announced at the beginning of the fiscal year. Although we face various uncertainties in the global economy and from ongoing foreign currency fluctuations, we will focus relentlessly on achieving our forecasts in the second-half by boosting on global sales, predominantly in ASEAN, and unfailingly implementing cost reduction.
“The business environment surrounding us, including the global economic and geopolitical situation, is changing rapidly every day. By paying attention and responding flexibly to the various risks that may affect Mitsubishi Motors, we will put our business on a path toward a full-scale recovery and establish the foundations for profitable and sustainable growth.”
With about half of the year to go, do you think Mitsubishi Motors will reach their forecast? Let us know your thoughts below!
Source: Mitsubishi-Motors
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