Mitsubishi Leasing News

Mitsubishi Motors UK Sales Success Continues

sgpleasing — Mon, 09 Oct 2006 20:47:00 +0000

Mitsubishi sales rise in quarter 3 2006 despite new model transition and a market that is down 2%
Pick-up market grows 17% in 2006 vs. 2005 and L200 takes 52% retail share
Colt gains momentum in the super-mini segment with sales rising 36% vs. quarter 3 2005

Mitsubishi Motors UK has posted new vehicle sales of 10,111 units for quarter three, up 1% against last year, in a market that is down 2%. Mitsubishi is experiencing a significant new model transition period during which it has finished selling Space Star, Carisma and Shogun Pinin whilst Shogun, Outlander and Shogun Sport are all currently being phased out. Despite these changes, fresh products like the new L200 and Colt have ensured a strong sales performance.

The pick-up segment has continued to grow at an extraordinary rate, rising 17% so far this year. Mitsubishi’s new L200 and pre-2006 model have taken a 52% retail share this year, with sales up to the end of September almost equalling previous full year pick-up sales of 12,000 units. Mitsubishi retained overall segment leadership at 37% compared to Nissan Navara’s 31%, Ford Ranger’s 18% and Toyota Hilux’s 8%. This trend looks set to continue with the recent introductions of the L200 Club Cab and L200 Single Cab Tipper.

Sales of the Colt continued to grow in quarter three, with retail share in the competitive super-mini segment up to 1.28% vs. 1.22% in 2005. Special offers of one year’s free insurance and three years’ free servicing introduced as a package on the Colt for the first time in quarter three, were well received by buyers seeking a stylish, economical small car with a reputation for reliability. Shogun and Shogun Sport remain in demand, with both enjoying exceptionally loyal customer bases.

Lance Bradley, Sales & Marketing Director of Mitsubishi Motors UK states: “This has been a very successful quarter, particularly considering the changes we are experiencing in our model line-up. The new L200 continues to go from strength to strength and with over 8,000 sales in just seven months this distinctive vehicle has become an increasingly frequent sight on the roads.”

The new L200 pick-up is currently top of the retail light commercial vehicle sales charts with an 8% segment share. However, the new L200 is just one part of Mitsubishi’s popular range of light commercial vehicles which includes the pre-2006 model L200, the Shogun and Shogun Sport. Mitsubishi has the largest range of 4x4 commercial vehicles in the UK and is celebrating this fact by holding a “4Work Week” from November 4th-12th 2006, unveiling special offers on commercial products across its UK network of 141 dealers.

Mitsubishi Motors Announces Production, Sales and Exports for July 2006

sgpleasing — Tue, 29 Aug 2006 21:48:00 +0000

Tokyo, August 28, 2006 — Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export results, for July 2006.

Total global production of Mitsubishi's totaled 107,192 units, 88.3 percent of the previous year total. Japanese production reached 62,571 units, a small decline of 2.1 percent from the year ago period.

Total vehicle sales in Japan came to 21,029 units, a 3.3 percent increase year-on-year, making July the fifteenth consecutive month of year-on-year sales growth in Japan. Total sales for passenger cars came to 14,329 units, up 7.8 percent over the July 2005 total on sales of new models, while commercial vehicle sales fell 5.2 percent over the previous year to 6,700 units. The decline in commercial vehicles stemmed from lower sales of the Pajero and Delica models which will undergo model changes later this fiscal year.

Overseas production for the month totaled 44,621 units, 77.6 percent of the total for July 2005. European production showed a 44.9 percent increase year-on-year to 6,495 units due to brisk sales of the new Colt CZC cabriolet model. Asian production totaled 27,106 units, 67.0 percent of the year ago total due to unfavorable economic conditions in markets such as Indonesia, Malaysia, and Taiwan. Lastly, North American production fell slightly to 7,585 units, down 2.2 percent over the previous period total.

Total exports from Japan grew strongly year-on-year to 36,068 units, up 13.6 percent. Exports to Europe increased a small 2.9 percent over July 2005 to 12,447 units and exports to Asia came to 2,819 units, 76.8 percent of the year ago total. Similar to Asian production, the decline in exports to Asia stemmed from poor economic conditions for the industry. Exports to North America remained stable at 5,055 units, 100.5 percent of total for July 2005

Mitsubishi to supply Nissan with new eK Wagon

sgpleasing — Tue, 15 Aug 2006 14:36:00 +0000

Mitsubishi Motors Corp & Nissan Motor Co Ltd. today announced they have signed an agreement under which Mitsubishi will supply Nissan with the next-generation eK WAGON mini-vehicle starting in the second half of fiscal year 2006.

The next-generation model will replace the current eK WAGON that Nissan receives from Mitsubishi under an original equipment manufacturer (OEM) agreement signed in 2005. Nissan receives 36,000 units a year from the Japanese automaker and sells them under the Otti brand.

In addition to the eK WAGONs, Mitsubishi also supplies Nissan with 20,000 Minicab light commercial vehicles a year, which Nissan sells under the Clipper name.

The ongoing OEM agreement will enhance Nissan's ability to offer a product lineup that meets customer needs, while at the same time enhancing Mitsubishi's productivity through an increase in volume efficiency.

New Prices On L200 Contract Hire

sgpleasing — Tue, 15 Aug 2006 14:10:00 +0000

Following the latest residual value review, SGP Leasing are delighted to confirm new reduced monthly rentals on selected Mitsubishi L200 pickups.

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Top Award For L200

sgpleasing — Tue, 15 Aug 2006 09:08:00 +0000

Mitsubishi Motors UK has been presented with the Best Pick-Up award in the 2006 Commercial Fleet World Honours. Beating off all opposition in its class, the new L200 pick-up was announced as the category winner at a high-profile awards ceremony held at the Royal Automobile Club in London’s Pall Mall.

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