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28 MITSUBISHI MOTORS CORPORATION ANNUAL REPORT 2006
0
200
400
600
800
04 06
05 0
10
20
30
04 06
05 0
100
200
300
04 06
05
Net Sales
(¥ billion)
Retail Sales
(Thousand units)
Operating Income
(¥ billion)
Colt CZC
MMC is generating steady earnings in Europe. This is
a reflection of the high marks won by Mitsubishi ve-
hicles in European markets for their performance and
design and MMC’s strong track record in motor sports
events such as the Dakar Rally. In recent years, MMC
has also substantially grown sales volumes in rapidly
expanding markets in Eastern Europe, such as Russia
and the Ukraine.
Overview of Fiscal Year 2005
In fiscal year 2005, retail sales in Europe totaled
267,000 units, an increase of 26,000 units year on
year as well as 16,000 units higher than target. Sales
volume was boosted by strong demand for
Lancer
, as
well as the launch of the locally made three-door
Colt
(CZ3 and CZT)
models. By country, MMC once again
performed well in large markets such as Germany and
the U.K., while continuing to steadily grow sales in the
expanding markets of Russia and the Ukraine. In these
two markets, MMC reported sales growth of greater than
50% year on year.
For the second straight year,
Lancer
received the Car
of the Year Award for 2006 (C segment) in Russia. In
the Ukraine, the 3-door
Colt CZ3
won the Car of the
Year Award for 2006 (small car segment).
In fiscal year 2005, sales in Europe decreased 12.2%
over fiscal year 2004 to ¥586.2 billion, chiefly due to a
decline in OEM supply volumes to other automakers.
However, operating income improved ¥17.2 billion to
¥24.4 billion.
Europe
(FY)
*MMC revised targets for fiscal year 2006 when it released fiscal year 2005 full-year financial results on April 27, 2006.
(FY) (FY)
Plan* Plan* Plan*