Subaru (Fuji Heavy Industries Ltd.): North American Sales 2002

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SUBARU OF AMERICA, INC. RECORDS THIRD BEST YEAR IN HISTORY

2002 Sales Total 180,020; December Sales of 14,931; Impreza Sets New Sales Record

CHERRY HILL, N.J., Jan. 3, 2003 -- Subaru of America, Inc. (SOA), a pioneer of crossover all-wheel drive vehicles designed for the active lifestyle, announced today its third best total sales result on record, posting a year-end total of 180,020 units. The previous records of 183,242 and 185,944 units were established in 1986 and 2001 respectively. The final 2002 tally represents a 3% decrease from 2001 totals for the comparable period.

"Our year-end result is an enviable one for the Subaru brand," said Subaru Executive Vice President, Fred Adcock. "Most importantly, we achieved our success in a fiercely competitive market."

Subaru Legacy led the 2002 totals with 85,359 units posted. Subaru Outback accounted for 60,974 units. Subaru Impreza recorded sales of 38,226 total units, up a respectable 7% from the previous year, which was a record year for Impreza sales. Impreza sales were largely supported by the very popular Impreza WRX, accounting for 22,910 unit sales in calendar year 2002. Subaru Forester recorded a total of 53,922 total unit sales. Baja recorded a total of 2,513 unit sales for the year.

Subaru recorded a sales total of 14,931 units for the month of December. Subaru Legacy led the volume for the month with 7,026 units, while Subaru Outback accounted for 4,908 units. Subaru Forester recorded sales of 4,651 units in December, up 2%. Subaru Impreza continued its sales success with sales of 2,688 units. Baja recorded sales of 566 units for the month.

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