[Telferstr]

Mitsubishi has written to its 103 UK Dealers advising that it is withdrawing from the UK and all European Markets, and will not be introducing any new models into these markets as they gradually move withdraw.
They say they are concentrating on stronger markets in the Far East and America.
What will happen to the service and parts backup, goodness only knows, but hopefully the current importer hopes to retain existing Dealer Network to maintain the aftersales activities for parts and service.
I'm most disappointed with Mitsubishis to say the leas,. with all of our UK cars now devalued overnight.
Who would want to buy one now.
The rumour they were pulling out of the USA may yet hold true, you can never be sure of anything when it comes to multinational companies. Trust them, not.
With regard to the UK, they are hoping that the other Alliance companies Renault and Nissan will benefit from the move. Not in my book they wont..

 

[Lunatic59]

I just saw a press release today from Mitsubishi welcoming a new dealership to Little Rock, Arkansas. I hope that's an indication they aren't giving up on the U.S./Canada market. Frankly, I'd rather see them pull Nissan from the U.S. as they are rather unimpressive vehicles with unimpressive warranties (3 yr./36k standard? what's that about?).

 

[zarbs]

Very sad. GM did the same here in Australia stranding their dealer network. Then they started a new import business of US models and kept the current dealers in the cold. The dealer network were suing the last I read. Mitsubishi do quite well in Australia with a limited number of models and they will likely remain into the future. Best of luck with your ride into the future.

 

[Telferstr]

Very sad. GM did the same here in Australia stranding their dealer network. Then they started a new import business of US models and kept the current dealers in the cold. The dealer network were suing the last I read. Mitsubishi do quite well in Australia with a limited number of models and they will likely remain into the future. Best of luck with your ride into the future.

Thanks zarbs,
A little further news this morning is that they intend trading until the end of 2021, and will be importing the current range of vehicles until then. Whether people will buy any, knowing they are pulling out of the UK is another matter. The UK and European areas provide a vast market for them but obviously not large enough and maybe too complex to manage, with having to setup different importers for each country involved.

 

[zarbs]

Seems to be part of a wider rejigging of the Nissan/Mitsubishi venture. Word has it that Nissan here will pass on the Navara pick-up and wait for the next Triton (L200) refresh and market that under a Nissan banner. All parts of that alliance are under pressure at the moment going by press releases. Watch this space...

 

[Trevster]

wonder what will happen to existing warranties?

 

[Telferstr]

A good point but hopefully, The Colt Car Company, the importer and mostly owned by Mitsubishi, will continue to honour all warranties until they expire.
Mitsubishi to exit UK market.
Hopefully this will give you the extra information that we all require.