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MITSUBISHI Motors Corp. announced that it posted record retail sales of 91,639 vehicles in the Philippines in fiscal year (FY) 2024, an increase of 12 percent from the previous fiscal year.
HISTORIC SALES The fiscal year 2024 is the second consecutive year in which Mitsubishi Motors Corp. has broken past sales records. IMAGE FROM MITSUBISHI
Sales volume in Vietnam also rose by 44 percent from the previous FY to 43,065 vehicles, its highest volume in two years following its previous high in FY 2022.
In the Philippines, with the impact of the newly launched XForce compact sports utility vehicle, sales of the Xpander seven-seat crossover multipurpose vehicle have been strong, while the longstanding popularity of the Mirage G4 compact sedan and the L300 compact commercial vehicle further boosted overall sales.
Amid the expanding automotive market, Mitsubishi Motors accounted for 19.5 percent of the market share, an increase of 1.0 points from the previous year.
In Vietnam, the Xpander became the No. 1 best-selling model in FY 2024. Furthermore, the XForce, launched in March 2024, took the No. 1 position for two consecutive months starting in July 2024 and has maintained strong sales ever since.
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In the robust Vietnamese auto market, Mitsubishi Motors' market share increased by 2.8 points from the previous FY to 13.3 percent.
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