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Mitsubishi Motors Reports March 2004 U.S. Sales

Galant Sales up 38 Percent Over Previous Year

CYPRESS, Calif., April 1 -- Mitsubishi Motors North America, Inc. (MMNA) today reported March 2004 U.S. sales of 20,416 units, a 2.8 percent decrease compared to sales in March 2003. However, the sale of 5,980 Galants represents a 38 percent increase compared to a year ago, and a 25 percent increase over last month.

"Sales were steady overall from February to March, but we're pleased to see Galant gaining some ground. That growth should translate to momentum as we increase our marketing support for core vehicles like Galant and Endeavor," said Michael M. Tocci, senior vice president, sales, distribution and fleet, MMNA Sales Division. "We've assembled the best Mitsubishi product line in company history and added a new 10-year/100,000-mile limited powertrain warranty that covers all 2004 models."

Consumer interest in the redesigned Galant has been spurred by a national marketing campaign comparing the Galant GTS V6 against a similarly equipped Toyota Camry XLE V6 and Honda Accord EX V6. In a series of independent tests by AMCI, the Galant placed first in five out of nine evaluations that tested vehicle attributes such as acceleration, braking and handling and tied for first in two other categories. Results of those tests are available at www.seewhathappens.com . Additionally, Mitsubishi recently launched a series of creative regional television spots in support of the Galant.

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, Canada, Mexico and Puerto Rico. Mitsubishi Motors sells coupes, convertibles, sedans and sport utility vehicles through a network of nearly 700 dealers throughout North America. For more information, contact the Mitsubishi Motors News Bureau at (888) 560-6672 or visit http://media.mitsubishicars.com/ .

  Following is the sales breakdown for March 2004:

                         2004                 2003             2004
                     MAR      CYTD      MAR      CYTD    MAR     CYTD

  ECLIPSE COUPE     1,276     4,321     2,342    6,140  -45.5%  -29.6%

  ECLIPSE SPYDER    1,391     3,782     1,126    2,919   23.5%   29.6%

  LANCER            4,726    12,928     5,314   14,599  -11.1%  -11.4%

  LANCER EVOLUTION    460     1,211       556      580  -17.3%  108.8%

  LANCER SPORTBACK    145       328        --       --    0.0%    0.0%

  MIRAGE COUPE         --        --         6      169 -100.0% -100.0%

  MIRAGE SEDAN         --        --        --       --    0.0%    0.0%

  GALANT            5,980    14,528     4,342   19,352   37.7%  -24.9%

  DIAMANTE            841     2,105       876    3,652   -4.0%  -42.4%

  TOTAL CAR        14,819    39,203    14,562   47,411    1.8%  -17.3%

  OUTLANDER         1,997     5,886     3,406   11,038  -41.4%  -46.7%

  MONTERO SPORT       507     2,292     2,387    8,545  -78.8%  -73.2%

  ENDEAVOR          2,281     7,362       235      235  870.6% 3032.8%

  MONTERO             812     2,118       410    2,850   98.0%  -25.7%

  TOTAL SUV         5,597    17,658     6,438   22,668  -13.1%  -22.1%

  TOTAL            20,416    56,861    21,000   70,079   -2.8%  -18.9%

  US Assembled
   Cars: (1)        8,647    22,631     7,810   28,411   10.7%  -20.3%
  Imported
   Cars: (2)        6,172    16,572     6,752   19,000   -8.6%  -12.8%
  US Assem.
   Truck/SUV: (3)   2,281     7,362       235      235  870.6% 3032.8%
  Imported
   Truck/SUVs: (4)  3,316    10,296     6,203   22,433  -46.5%  -54.1%
  US Assembled
   Vehicles:       10,928    29,993     8,045   28,646   35.8%    4.7%
  Imported
   Vehicles:        9,488    26,868    12,955   41,433  -26.8%  -35.2%

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

   Selling Days        MTD       YTD
   March 2004          26        76
   March 2003          26        75