Mitsubishi North America sales decrease by double digits in second quarter

Jul. 01, 2022 3:38 PM ETMitsubishi Motors Corporation (MMTOF)By: Kevin P. Curran, SA News Editor

Mitsubishi dealership sign

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Mitsubishi Motors Corporation (OTCPK:MMTOF) sales in North America fell by 13% in the second quarter, according to a report released late on Friday.

“Mirroring similar concerns across the auto industry, supply constraints of many vehicle lines held overall sales to 21,872, a year-over-year decrease,” the company admitted in a press release.

Accompanying financial documents reveal the Outlander Sport and Eclipse Cross had fallen by the greatest degree, offsetting gains for the original Outlander model. The 13% quarterly decline brings the year-to-date sales to a 10% decline as compared to 2021.

Read more on the sparse opportunities Morgan Stanley is eyeing in the auto space.

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