Mitsubishi Motors North America, Inc. (MMNA) today reported fourth quarter 2022 sales of 20,756 and annual sales of 85,810 vehicles, as sales volume continued to be limited by industry-wide supply constraints. With a concentration through the year on maximizing dealer inventory for retail deliveries, MMNA's fleet volume in Q4 represented the single-lowest percentage of total sales ever, and full-year fleet volume at its lowest ever as well.

As it has been since its spring 2022 launch, Outlander remained the company's top seller and record breaker, with 40,942 units sold through the full year, the best single year in the nameplate's history.

Meanwhile, the all-new 2023 Outlander Plug-in Hybrid Electric Vehicle (PHEV) began arriving in dealerships in late November, and MMNA's new electrified flagship charged out of the gate, setting a new all-time single-month sales record, nearly 20% above any other single month in the history of the model. PHEV sales were up 200% year-over-year in its first full month (December). While inventory levels continued ramping up, sales of the all-new Outlander PHEV were up 37.5% in the fourth quarter versus the same period a year ago.

Despite ongoing challenges from vehicle and part supply, a changing economy and hard weather across the country to close the year, there were significant bright spots, with Outlander and Eclipse Cross up 20.8% and 19.8%, respectively, over 2021 in total sales. From a retail-only perspective, Outlander notched its second-best Q4 2022 sales performance ever, behind only the previous year's best-ever performance.

As the entire auto industry is experiencing, MMNA's inventory going into the new year remains far below ideal levels, and well below natural customer demand.

News and Notes:

• The all-new 2023 Outlander PHEV was named the "2023 Family Green Car of the Year™" and top segment performer as part of Green Car Journal''s 2023 Green Car Awards. This marks the third time in the last five years that Outlander PHEV, the world's best-selling PHEV SUV, has been recognized by the publication.
• In addition to the all-new Outlander PHEV, Mitsubishi announced the expansion of the Outlander family to include the popular Black Edition, a Ralliart Edition and a 40th Anniversary special edition, honoring the brand's history in the United States. 
• 2022 also marked the return of Ralliart, as MMNA announced special rally-inspired editions across the model range and Team Mitsubishi Ralliart returned to motorsport, taking victory in the Asia Cross Country Rally with a specially prepared Triton pickup truck.
• The 2022 Outlander picked up two awards, being named Crossover Utility of the Year by the Hispanic Motor Press and "Latin Flavor" SUV of the Year by Puros Autos.
• MMNA placed second in the "2022 Automotive Reputation Report" from Reputation, an annual analysis of customer experience that includes 35,000 automotive OEM brands, dealer groups, and dealerships across the United States, Canada, and Europe.

For more information on the full lineup of Mitsubishi vehicles, visit MitsubishiCars.com. For more information on MMNA, visit media.mitsubishicars.com.

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About Mitsubishi Motors North America, Inc.  
Through a network of approximately 330 dealer partners across the United States, Mitsubishi Motors North America, Inc., (MMNA) is responsible for the sales, marketing and customer service of Mitsubishi Motors vehicles in the U.S. MMNA was the top-ranked Japanese brand in the J.D. Power 2021 Initial Quality study, ranking third overall and tied with Lexus. In its Environmental Targets 2030, MMNA's parent company Mitsubishi Motors Corporation has set a goal of a 40 percent reduction in the CO2 emissions of its new cars by 2030 through leveraging EVs — with PHEVs as the centerpiece — to help create a sustainable society.

With headquarters in Franklin, Tennessee, and corporate operations in California, Georgia, Michigan, New Jersey, Texas, Florida and Virginia, MMNA directly and indirectly employs more than 8,000 people across the United States