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Mitsubishi Leaving the US Market? | [MERGED]

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Old Feb 18, 2005 | 07:54 AM
  #46  
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Why do you want the manufacturer of the car you love and bought to pull out of the US? So what if they have difficult warranty transactions for some. I haven't had any problems with them.

Oh and the Evo's price will not double if Mitsu pulls out of the US....
Old Feb 18, 2005 | 08:07 AM
  #47  
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Originally Posted by nasti
That is the funniest thing i have ever heard. Why would the price double when you can get basically the exact same car in an STi, with a manufacturer that is still alive.

Maybe if the EVO itself was going away but mitsubishi was staying (say like with supras-toyota) but when the entire company itself is pulling out your price wouldn't go up at all let alone double.

First the EVO is proven many times to be different animal than the STi. I have driven both in fact I have an STi in my drive way and nothing makes me smile about it. Lets keep this on topic. Prices will go up not double but they will go up. 4g63 has parts everywhere and its not a new engine so it wont be hard to put your hands on parts. in both cases i dont care if they stay or leave.
Old Feb 18, 2005 | 08:15 AM
  #48  
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For those of you who are convinced that Mitsu is pulling out of the us, check the business section of MSNBC.com.
Old Feb 18, 2005 | 08:19 AM
  #49  
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When peugeot left the US market, the resale value of the cars just plummeted. It's not like the Supra situation where you had a discontinued vehicle but the parts and service network is still around. Mitsubishi leaving the US is BAD NEWS for Evo owners.
Old Feb 18, 2005 | 08:26 AM
  #50  
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Originally Posted by Az3ar
I will dance and calibrate the day they pull out of North America. there is nothing on my EVO that i cant fix myself. The EVO price will double in few days if that happens.
You are living in a fantasy land if you actually believe that, your cars value would likely be cut in half. Plus the fact that you would celebrate a bunch of your fellow Americans losing their jobs just so you can enjoy your car more is a sad joke all its own.

I bet when the WSJ prints its retraction for this slanderous screw up, it will be a postage stamp sized article on the back page.

Last edited by GPTourer; Feb 18, 2005 at 08:33 AM.
Old Feb 18, 2005 | 08:38 AM
  #51  
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Something weird here, all of the people who are saying our EVO will loose its value are none EVO owners. Why do you care soo much?? Because you want to go and get one then go and get one. Stop crying like a kid. The EVO is not Peugeot all the parts on our EVOs today have = after market for them including sensors so why should we be worried. I have never seen an EVO owner buy stock parts when his original one broke and it was not covered under warranty. We always buy stronger after market parts. The EVO is not rocket since and that what makes it easy to tune. Engine been out for 12 years and we have enough knowledge to go on.

Now I am sure Mitsu wont die here (read my first post) but in both cases nothing will effect me.
Old Feb 18, 2005 | 08:41 AM
  #52  
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I say that from experience because I am in the car business. Other brands that have disappeared have not gone up in value. I care because I happen to sell Mitsubishis. IF they did leave, I could go and work anywhere else I want selling whatever brand I want with a few exceptions - but I happen to like Mitsubishi products.
Old Feb 18, 2005 | 08:50 AM
  #53  
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You guys are naive. Of course Mitsu is denying the WSJ report. Companies never want the public to know what they are doing until they complete the deal and have to announce it. Many years ago I bought a Fiat X1/9 and found out 3 weeks later that Fiat was pulling out of the U.S. market. That was over 25 years ago, and they never came back.

Car values could not possilby double because the mfgr. pulls out of USA. People will be leery of buying a used car when there is no dealer network. Used cars only rise in value if they are "classics" and after 20 years or so. In the year 2025, if your EVO is still running, it might actually be worth something.

All that said, the only reason I care if MMNA pulls the plug is that I won't be able to buy an EVO X in a couple of years.
Old Feb 18, 2005 | 08:50 AM
  #54  
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I'm an EVO owner and I believe that Mitsu WILL pull out of the US and I believe that as a result, the value of our Evolutions will be trashed. Even so, I will keep my Evo because I have too much invested to let it go and I like the car. If I get excited about something else, like the new Z06, I will just deal with the pain of not having one, or buy one. Either way, I am keeping and abusing my Evo no matter what.
Old Feb 18, 2005 | 09:03 AM
  #55  
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Originally Posted by Az3ar
Something weird here, all of the people who are saying our EVO will loose its value are none EVO owners. Why do you care soo much?? Because you want to go and get one then go and get one. Stop crying like a kid. The EVO is not Peugeot all the parts on our EVOs today have = after market for them including sensors so why should we be worried. I have never seen an EVO owner buy stock parts when his original one broke and it was not covered under warranty. We always buy stronger after market parts. The EVO is not rocket since and that what makes it easy to tune. Engine been out for 12 years and we have enough knowledge to go on.

Now I am sure Mitsu wont die here (read my first post) but in both cases nothing will effect me.
I have to strongly disagree. As someone who works in the auto industry (for an actual car manufacturer, not a dealer) let me tell you that the Evo will lose value. Resale values are determined by the market, and the market does not consist of hothead tuners who replace everything on the car themselves. If Mitsu pulls out, the tuners will move their business to Subaru. Simple as that, there's no point in developing parts for cars that don't exist. And there are many, many parts for which there are no aftermarket replacements. If a door panel costs $1000 to replace because it has to be shipped from Japan with no Parts and Service network to handle logistics here, then the resale will take a hit.

As anyone who has tried to sell a modified car knows, mods often detract from the resale value of a car because prospective used car buyers want cars that don't show signs of a hard life. If Mitsubishi pulls out, what buyers will see is a technically complex car with expensive components and virtually no way to get service or parts through 'official' channels. It would be a bloodbath.

Last edited by osunick; Feb 18, 2005 at 09:10 AM.
Old Feb 18, 2005 | 09:03 AM
  #56  
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Az3ar: I own an Evo so your statement is incorrect as do a lot of others posting concern for the Evo's resale value. Also for the record, the WSJ is not the New York Post-- when they print an article they have done their due dilligence. In their rich, long history their list of article retractions is about as long as the Lexus recall list.

For the record I am quite concerned.
Old Feb 18, 2005 | 09:04 AM
  #57  
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You guys are naive. Of course Mitsu is denying the WSJ report. Companies never want the public to know what they are doing until they complete the deal and have to announce it. Many years ago I bought a Fiat X1/9 and found out 3 weeks later that Fiat was pulling out of the U.S. market. That was over 25 years ago, and they never came back.
Well Said, You guys are mistaking discontinuing a line with the entire company leaving.

Camaros, Supras, etc... they will hold their resale value as their company still exists, yet the car is no longer produced.... any example where the entire car company left the re-sale value drops.
Old Feb 18, 2005 | 09:06 AM
  #58  
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Originally Posted by Richard EVO
Of course Mitsu is denying the WSJ report. Companies never want the public to know what they are doing until they complete the deal and have to announce it.
Yeah, that's what we were thinking too, of course hoping those suspicions are wrong. Theres a damage control letter from Rich Gilligan saying how it isn't true and a number provided for reporters to call if we get harrassed by them. They then go on to talk about the product blitz this year, including the Evo IX coming in October. I dunno, everytime things look like we've finally reached the bottom and and are coming back up, something like this happens. Sigh.
Old Feb 18, 2005 | 09:08 AM
  #59  
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well, if the value goes up or down I am keeping it for sure. I love it and it already makes the power that i want
Old Feb 18, 2005 | 09:08 AM
  #60  
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MMNA can't just pull out completely. When you bought your new EVO from MMNA, they made a contract with you to provide warranty service. I know all about the problems that modded EVO owners have with their warranties, please don't bog this thread down with all that.

But MMNA is not just the EVO. There are hundreds of thousands of Galants, Eclipses, Monteros, etc. that have never been modded and that MMNA owes warranty service on. They have to maintain some system to service those warranty obligations. Their only other option in the USA is bankruptcy.


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