In Japan, the automaker sold 171,000 vehicles in the same period, a 1 percent increase of 3,000 units year-on-year, aided by eco-car tax reductions and subsidies. In North America Mitsubishi sold 88,000 vehicles, a 26% decrease of 31,000 compared to the last fiscal year. A year-on-year increase in sales in Canada failed to offset slower sales in the US and Mexico however.
In Europe, Mitsubishi Motors sold 169,000 vehicles, down 38% percent as opposed to fiscal year 2008 (103,000 units). The lag in recovery for the region as a whole was particularly marked in Russia and the Ukraine, notes the company. In Asia and other regions, Mitsubishi sold 532,000 vehicles, accounting for a 5% increase (+25,000 units).
A 64% year-on-year increase in Chinese unit sales together with significant rises in sales volume in other markets including Taiwan, Thailand and the Philippines, balanced the drop in sales volume in Latin American and Middle Eastern countries.
For fiscal year 2010, the Japanese manufacturer is expecting a global sales volume of 1.12 million vehicles, up 17 percent (+161,000 units), aided by the introduction of its new compact crossover and an expected market recovery. Mitsubishi also expects the business climate in fiscal 2010 to be marked by raw material price increases and by the yen continuing to trade highly against other currencies.
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