Showing posts with label Outlander. Show all posts
Showing posts with label Outlander. Show all posts
Monday, August 24, 2015
Mitsubishi Motors Corporation announces end of year figures with growth in all major area's
| Mitsubishi Motors Corporation Announces Full-year Fiscal 2014 Operating Results and Fiscal 2015 Forecasts |
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Mitsubishi Motors Corporation (MMC) today announced its sales and financial results for the full 2014 fiscal year (FY2014) ending March 31, 2015, as well as forecasts for the full 2015 fiscal year (FY2015), ending March 31, 2016. |
1. Full-year fiscal 2014 operating results
1. Performance overview
MMC posted a consolidated net sales of 2180.7 billion yen over the full term of FY2014 (April 1 2014 through March 31, 2015), a 4% or 87.3 billion yen increase over the same period last fiscal year.
MMC posted an operating income of 135.9 billion yen, an increase of 10% or 12.5 billion yen over the same period last fiscal year. Although sales and R&D expenses increased along with a decrease in sales volume and model mix, these were overcome by reductions in material and other costs in addition to favorable foreign exchange rates.
Other items include ordinary income at 151.6 billion yen, a 17% or 22.1 billion yen increase, and a net income of 118.2 billion yen, a 13% or 13.5 billion yen increase, both year-on-year. All profit areas for FY2014 were all-time record high profits.
2. Sales volume (Retail)
Global retail sales volume for the full 2014 fiscal year totaled 1,090,000 units, an increase of 4% or 43,000 units over the same period in FY2013. Sales volumes by regions were as follows.
Japan: Sales volume decreased with both registered vehicles and minicars totaling 115,000 units, a year-on-year decrease of 20% or 28,000 units.
North America: Sales volume totaled 117,000 units, an increase of 21% or 20,000 units over the same period last year. The increase was driven by brisk sales of the Outlander Sport and Mirage as economic recovery in the United States moved onto a firmer pace
Europe: Sales volume totaled 227,000 units, an increase of 13% or 25,000 units year-on-year. Despite worsening economic situation in Russia which affected sales decline from the same period last year, the sales increase of the Outlander PHEV in Western Europe contributed to the overall increase for the region.
Asia: Sales volume totaled 344,000 units, which was about the same level as the same period last year. Although recovery in total demand for Thailand remained sluggish, an increase in sales in China, mainly stemming from GAC Mitsubishi Motors Corporation offset this.
Other Regions: Sales volume totaled 287,000 units, an increase of 10% or 26,000 units year-on-year. Sales increased in the Middle East, resulting in an overall increase in sales for the region.
2. Full-year fiscal 2015 forecasts
Full-year FY2015 (April 1, 2015 to March 31, 2016) operating results forecasts are as follows:
1. Outline of full-year FY2015 operating forecasts:
| 2280.0 billion yen, an increase of 5% or 99.3 billion yen year-on-year |
| 125.0 billion yen, a decrease of 8% or 10.9 billion yen year-on-year |
| 130.0 billion yen, a decrease of 14% or 21.6 billion yen year-on-year |
| 100.0 billion yen, a decrease of 15% or 18.2 billion yen year-on-year |
* This item will be changed to "Net income attributable to owners of the Parent" in FY2015
2. Sales volume forecast (Retail):
Forecast for full-year FY2015 is 1,100,000 units, a 1% or 10,000 units over FY2014. Breakdown by region is as follows:
| 107,000 units, down 7% or 8,000 units year-on-year |
| 128,000 units, up 9% or 11,000 units year-on-year |
| 191,000 units, down 16% or 36,000 units year-on-year |
| 378,000 units, up 10% or 34,000 units year-on-year |
| 296,000 units, up 3% or 9,000 units year-on-year |
Note on forward-looking statements: All statements herein, other than historical facts, contain forward-looking statements and are based on Mitsubishi Motors Corporation's current forecasts, expectations, targets, plans, and evaluations. Any forecasted value is calculated or obtained based on certain assumptions. Forward-looking statements involve inherent risks and uncertainties. A number of significant factors could therefore cause actual results to differ from those contained in any forward-looking statement. Significant risk factors include:
Potential risks and uncertainties are not limited to the above and Mitsubishi Motors Corporation is not under any obligation to update the information in this news release to reflect any developments or events in the future. If you are interested in investing in Mitsubishi Motors Corporation, you are requested to make a final investment decision at your own risk, taking the foregoing into consideration. Please note that neither Mitsubishi Motors Corporation nor any third party providing information shall be responsible for any damage you may suffer due to investment in Mitsubishi Motors Corporation based on the information shown in this news release. |
Mitsubishi dealer staff raise money for a local charitable Hospice care centre.
A team from Weston-super-Mare Mitsubishi raised nearly double their target for charity when they took part in the Weston Colour Run. Lyndsey Smith, Jayne Burnley and her daughter Shani Hedges raised £180 when they completed the 5km run along with thousands of others in aid of Weston Hospicecare.
The popular event took place on Uphill Beach for the second year, with participants dressed in white and getting showered with coloured powder paint as they went along the route.
Group Marketing Co-ordinator Lyndsey said: ‘It was a great day and the atmosphere was fantastic. It was hard work running into the wind on the sand but we all enjoyed it and got absolutely covered in paint.’
Sales Administrator Jayne signed her colleague Lyndsey up for the event without her knowing and then sprang another surprise with the news that they would be wearing sombreros and stick-on moustaches as the duo, who work at the Aisecome Way showroom, took part under the name ‘The Three Amigals’.
Jayne, who also persuaded her 19-year-old student daughter Shani to take part, said: ‘We’re really pleased to have passed our target of raising £100 and there is still time if anyone wants to donate to this fantastic cause.’
Weston Hospicecare provides specialist free care to the 1 in 100 local people with life-limiting illnesses such as cancer, motor neurone disease and heart or lung failure. The charity relies on the generosity of the community to help raise £3m every year. The money raised from the Colour Run will help the hospice to carry out its work caring for terminally-ill patients in the community.
Mitsubishi declares that it rejects claims that it's MPG figures are misleading....
TMW THOUGHTS - We are all aware that the manufacturers do not give us correct numbers, this has been ongoing for decades, and we have just accepted it, and it is fun trying to get as high as you can, personally, I had a car that no matter how i drove it, it was so far wide of claimed, that after a few phone calls stating my case, the car was taken back.
I believe that there should be a set up like MIRA, where cars can be driven at their ideal speeds, for Urban and extra urban, and then you get a combined from that, the cars are driven on roads, properly, not in laboratories, not utilising various techniques to stretch out the MPG, just proper driving, by people not associated with the company.
I believe that there should be a set up like MIRA, where cars can be driven at their ideal speeds, for Urban and extra urban, and then you get a combined from that, the cars are driven on roads, properly, not in laboratories, not utilising various techniques to stretch out the MPG, just proper driving, by people not associated with the company.
That way, you get an independant report, with the numbers which were gained in a proper way, and I know that the manufacturers would all be up in arms, over it, as they would not be anywhere near the manipulated numbers, but at least the consumer can at long last get a proper figure, that they can achieve, and not some of these fairy tale numbers.
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A report published by WHICH? suggesting official MPG figures are ‘economical with the truth’ is rejected by Mitsubishi Motors UK. To measure a car’s official fuel consumption, manufacturers are required to use the New European Drive Cycle (NEDC) and to display the results from this test on all technical and marketing materials.
Car makers agree that the current test is out dated. It was created in the 1970’s and takes no account of current plug-in hybrid technologies, but manufacturers are required by law to put every new model through it and to publish the results.
Most manufacturers, including Mitsubishi Motors, make clear that the figures are for comparison purposes and are not intended to reflect what customers might actually achieve, as this will depend on many factors including driving style.
The official NEDC figure for the Outlander PHEV is 148 mpg. However, with average UK daily commuting distances the vehicle can achieve considerably more than this. Longer journeys may reduce this figure but the Outlander PHEV will still return impressive economy.
Even the 67.3 MPG suggested by WHICH? is good for a large 4x4 SUV like Outlander.
Lance Bradley, Managing Director, said: ‘The current test regime for emissions and fuel consumption is outdated and does the industry no favours but the suggestion that we in some way are misleading car buyers is well wide of the mark and irresponsible.’
Mitsubishi Motors UK has always made real life MPG very clear in its advertising and printed material. At the Outlander PHEV’s launch several top motoring magazines all reported on the ‘refreshing honesty’ with which the company had presented its real life MPG expectations.
UK SALES APRIL - MITSUBISHI - The brand sees its best month ever, up 59% on last year & 158% YTD.
Mitsubishi Motors (UK) is building its strongest passenger car sales platform since the company began in March 1974. The brand is 59 per cent up on the same month last year, against a market up 5 per cent.
Year-to-date Mitsubishi passenger car sales are up 158 per cent, versus a market increase of 6 per cent.Mitsubishi Motors (UK) Managing Director, Lance Bradley, said: “The Mitsubishi brand is riding high in the UK.
We are enjoying sales success on the back of exciting new product introductions, with much more to come, and we are anticipating more growth with significant recruitment plans.”
The company’s growth is due in part to the success of the Outlander PHEV. The vehicle has overtaken sales of every other plug-in hybrid and pure-EV. It is the UK’s best-selling alternatively fuelled vehicle.
However, the company’s ASX crossover also increased sales by 7 per cent in the month, supported by the innovative ‘Adventure Advance’ marketing campaign. The iconic Shogun is up by 111 per cent. Mitsubishi’s L200 pick-up truck is up 61 per cent versus a market that’s up 19 per cent.
USA SALES APRIL - MITSUBISHI - The SUV and Sedan maker has it's best April for Seven years.
- Total sales up 25.6 percent from last April
- Best-ever April sales month for Outlander Sport
- Best Outlander April sales month since 2007
- 14th consecutive month of year-over-year sales increase
Mitsubishi Motors North America, Inc. (MMNA) continues its sales momentum with April 2015 vehicle sales of 8,216 units, a 25.6 percent sales increase from April 2014. This marks the 14th consecutive month of year-over-year sales increases for MMNA, and it was the best April sales total in the last seven years.
Mitsubishi Motors’ Outlander Sport compact crossover continued to be the brand’s best-selling model with April sales of 2,674 units.
The highly fuel-efficient Mirage 5-door sub-compact experienced sales of 2,407 units for the month; Mirage sales are up 65.4 percent year-to-date. The seven-passenger Outlander crossover demonstrated strong sales with 1,254 units sold – its best April sales since 2007.
“In March, we finished the first quarter of 2015 with an incredible sales pace. And that momentum carried over into April with our core models continuing to lead the way,” said MMNA Executive Vice President, Don Swearingen.
“Our cars are not only priced right, but they are also economical to own, exceptionally reliable and are backed by an industry-leading warranty. It is these important qualities that are attracting new car buyers to the Mitsubishi brand.”
April | YTD | |||
2015 | 2014 | 2015 | 2014 | |
i-‐MiEV | 16 | 12 | 31 | 40 |
Mirage | 2407 | 1331 | 8463 | 5116 |
Lancer | 1865 | 1432 | 7904 | 6274 |
Outlander | 1254 | 1148 | 5047 | 4761 |
Outlander Sport | 2674 | 2619 | 10561 | 10069 |
Total | 8216 | 6542 | 32006 | 26382 |
*2014 totals include sold Galant vehicles: CY2014 Year to Date Total (122 units)
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