Mitsubishi Motors Reports Second-Best May Ever

CYPRESS, Calif., June 3 -- Mitsubishi Motor Sales of America, Inc. (MMSA) today reported May sales of 30,874 units, marking the second best May in company history and moving Mitsubishi's year-to-date sales up to 151,202 units, 15 percent ahead of last year.

"Heading into summer we're optimistic that sales will remain strong," said MMSA President and COO Pierre Gagnon. "We're well ahead of last year's record pace and the addition of Outlander this fall will provide additional growth in the hot entry-level SUV market."

Mitsubishi's May sales were supported by Eclipse Spyder's best sales month ever, delivering 2,335 units and marking a 12.6 percent gain over May 2001.

     Some figures of note for MMSA's May 2002 sales:

     -- May 2002 sales of 30,874 vehicles, down 2.0 percent compared to
        last year's May sales of 31,488 vehicles

     -- May 2002 year-to-date sales of 151,202 vehicles; 15 percent ahead
        of May 2001 year-to-date sales of 131,532 vehicles

     -- Eclipse Spyder had its best month ever in May with 2,335 units
        sold, up 12.6 percent over sales during May 2001

Mitsubishi Motor Sales of America, Inc. was established in 1981 by Mitsubishi Motors Corporation, Tokyo, and markets a full line of vehicles, including coupes, convertibles, sedans and sport utility vehicles. Its website can be accessed at www.mitsubishicars.com .

         Sales Results, May 2002: Mitsubishi Motor Sales of America, Inc.

                                     May '02                  May '01
                                    Month/YTD                Month/YTD

    Passenger Car Sales*         24,815 / 120,403        25,168 / 98,336

    Sport Utility Vehicles**       6,059 / 30,799         6,352 / 33,196

    Total Vehicle Sales          30,874 / 151,202       31,520 / 131,532

    US Assembled Cars:            15,226 / 79,348        18,902 / 72,672
    Imported Cars:                  9,589/ 41,055         6,266 / 25,664
    Imported Truck/SUVs:           6,059 / 30,799         6,352 / 33,196
    US Assembled Vehicles (1):    15,226 / 79,348        18,902 / 72,672
    Imported Vehicles (2):        15,648 / 71,854         12,618/ 58,860

        DSR - Daily Selling Rate
        Selling Days                          MTD                    YTD
        May 2002                               26                    127
        May 2001                               26                    127

    *   Above totals include sales of US assembled Mitsubishi Motors vehicles
    **  Includes Montero Sport and Montero
    (1) Galant, Eclipse and Eclipse Spyder
    (2) Lancer, Mirage, Diamante, 3000GT, Montero Sport and Montero


         Sales Results, May 2002: Mitsubishi Motor Sales of America, Inc.

                                      % Change              % DSR Change
                                      Month/YTD               Month/YTD
    Passenger Car Sales*            -1.4% / 22.4%          -1.4% / 22.4%

    Sport Utility Vehicles**        -4.6% / -7.2%          -4.6% / -7.2%

    Total Vehicle Sales             -2.0% / 15.0%          -2.0% / 15.0%

    US Assembled Cars:              -19.4% / 9.2%          -19.4% / 9.2%
    Imported Cars:                  53.0% / 60.0%          53.0% / 60.0%
    Imported Truck/SUVs:            -4.6% / -7.2%          -4.6% / -7.2%
    US Assembled Vehicles (1):      -19.4% / 9.2%          -19.4% / 9.2%
    Imported Vehicles (2):          24.0% / 22.1%          24.0% / 22.1%

    DSR - Daily Selling Rate
        Selling Days                          MTD                    YTD
        May 2002                               26                    127
        May 2001                               26                    127

    *   Above totals include sales of US assembled Mitsubishi Motors vehicles
    **  Includes Montero Sport and Montero
    (1) Galant, Eclipse and Eclipse Spyder
    (2) Lancer, Mirage, Diamante, 3000GT, Montero Sport and Montero