2016 Mitsubishi Outlander

Mitsubishi’s global sales down 16% to 220,000 units; FY2016 1Q results

On July 27, Mitsubishi Motors Corporation announced its results for the first quarter (April to June) of the 2016 fiscal year. According to these results, global sales declined 15.7% from 262,000 units in the previous year, to 221,000 units.

Domestic sales accounted for 10,000 units, a significant 44.5% drop from the 18,000 units recorded a year ago. This was largely due to the impact of the fuel economy scandal.

As for overseas sales, Asian markets recorded 71,000 units, a 9% decline year on year. In particular, sales in China suffered substantially, dropping 31.8% yoy to 15,000 units.

Meanwhile, North American countries sold 37,000 units, achieving solid results with a 5.7% increase yoy. The US market accounted for 27,000 units, which grew 3.8% from the previous year led by the popularity of their SUVs.

Mitsubishi’s global sales for the 2015 fiscal year were 1,048,000 units, a 3.9% fall from the previous year.