Mitsubishi Won't Increase Incentives
GENEVA -- Although sales have been down for the first two months of the year, Mitsubishi Motors Corp. said it won't offer greater incentives to entice potential buyers.
GENEVA -- Although sales have been down for the first two months of the year, Mitsubishi Motors Corp. said it won’t offer greater incentives to entice potential buyers.
Takashi Nishioka, CEO of Mitsubishi Heavy Industries Ltd., has been leading the company since Jan. 28 and said a new model launch in June will be the appropriate time for more aggressive sales tactics, reported Automotive News.
Nishioka said he plans to maintain Mitsubishi’s restrictive financing policies. "We are absolutely not contemplating easing up on our current restrictions," he said.
The company is trying not to repeat the past, when loose credit policies caused a high rate of auto loan delinquencies.
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