MMTOF - Mitsubishi Motors North America sales down 20% y/y on shortage of new vehicle inventory
2023-04-03 13:48:20 ET
Mitsubishi Motors ( OTCPK:MMTOF ) Q1 sales in North America totaled 20,938, down about 20% as demand continued to outstrip supply. Overall sales for the quarter were only constrained by a shortage of new vehicle inventory.
Accompanying financial documents reveal the all-new 2023 Outlander Plug-in Hybrid Electric Vehicle (PHEV), setting all-time monthly and quarterly sales records for the nameplate, up more than 104% and 122% over the same month and quarter, respectively, of the previous year.
Mirage 3,342 vs. 4,917. Outlander Sport 4,613 vs. 3.707. Outlander 9,814 vs. 13,065. Outlander PHEV 1,597 vs. 719. Eclipse Cross 1,572 vs. 3,992.
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Mitsubishi Motors North America sales down 20% y/y on shortage of new vehicle inventory