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Ally Financial Named Mitsubishi’s Preferred Financing Source

In an effort to offer its customers a wide variety of premium financial services and comprehensive offerings, Mitsubishi has named Ally Financial its preferred financing source, replacing Mitsubishi Motors Credit of America, Inc.

The agreement expands the relationship that Ally and Mitsubishi already have in place, making available all of Ally’s automotive financial products to both Mitsubishi dealers and their customers. These offerings include wholesale financing, retail and lease financing, and remarketing and insurance products. Additionally, as Mitsubishi’s preferred financing source, Ally will make available industry-leading training programs, customized marketing, and its Dealer Service Center to Mitsubishi dealers.

“Ally is committed to the success of our OEM and dealer relationships, and is continually looking for opportunities to strengthen those interactions with premium product offerings, best-in-class service and innovative ideas,” said Tim Russi, president of Auto Finance for Ally in a statement. “We are pleased that Mitsubishi Motors North America has chosen to place its trust in Ally to support its retail sales growth plans and improved customer experience.”

To learn more about Ally, and its suite of automotive financing options, visit ally.com/auto.

Here at Coronet of Peru, we look forward to having the tools necessary to better serve our customers. Stop by today to see our extensive lineup of exciting vehicles, and look for Ally Financial’s full suite of automotive products to be available next month!

Bowing Out Loud: Mitsubishi Lancer Evo Final Edition

The Lancer Evo final edition is sad to see, but there have been some good times.

We bid a final farewell to this Mitsubishi monster.

It’s time to say goodbye to the beloved Mitsubishi monster we’ve come to know and love as the Lancer Evolution. Mitsubishi began taking orders in the Japanese market for the high performance sedan’s Final Edition. Currently listing at just over $33,000 (at current exchange rates), the Lancer Evo Final Edition is generating quite a bit of buzz stateside.

10 generations of the turbocharged all-wheel drive sedan have touched hearts around the world so it really is no surprise the Final Edition is drawing attention. The discontinuation marks Mitsubishi’s move into the SUV and crossover markets. While the automaker did debut a 480 hp Evo at the Tokyo Auto Salon earlier this year, the Final Edition isn’t that powerful.

The Final Edition’s 2L turbocharged engine will rock sodium-filled exhaust valves for maximum output at high engine speeds. Expect a smoother ride if you do manage to get behind the wheel of a Final Edition model – Bilstein shocks, Eibach springs, and Brembo two-piece ventilated front brake discs will roll out on high performance tires.

Inside you can expect black leather with red stitching. On the center console you’ll find something special and limited to only the Final Edition. A plaque with the vehicle’s serial will serve as both identification and in memory of the Lancer Evolution.

There’s no word on when the United States will see open ordering for the Final Edition but you can expect the high performance sedan to bow out on all cylinders.

Mitsubishi Reveals Plan to Build Only New SUV Models from Now On

Mitsubishi is set to focus hard on new SUV models.

Get ready for more SUVs and fewer sedans from Mitsubishi.

The Mitsubishi brand has long made some of the world’s greatest sedans and SUVs, but now they are turning their full attention to the latter. Despite the popularity of vehicles like the Lancer EVO, Mitsubishi’s plan is to stop all production of sedans and focus solely on building new SUV models.

“There are two reasons for that [the production changes],” said Mitsubishi president Tetsuro Aikawa, speaking at the Geneva Motor Show. “One…is because, concerning the investment on development, we’d like to concentrate on SUV, PHEVs, and EVs.” It’s hard to argue with that logic—especially when the brand new Mitsubishi Outlander is so impressive.

“The second reason,” Aikawa continued, “is because sedan…is a very high competition at the moment.” In other words, Mitsubishi is going to let other brands beat themselves up over the sedan market, while they steadily build the most impressive and extensive range of SUVs in the world. We’ll see new models, PHEV and EV capability, new features, and who knows what else.

Here at Coronet of Peru, we’re excited to see what Mitsubishi comes up with in future years in the SUV segment. For now, though, if you really want a Lancer, there are no plans to stop production of the current model—they just won’t be making a new model. So come see us today to get yours before they are gone.

2016 Mitsubishi Outlander Debut Highlights New, Sculpted Design

It looks like Mitsubishi is talking the 2016 Outlander model out of this world. The Japanese carmaker recently unveiled the newest model of its popular crossover and it’s a beauty. With an all-new style and an unprecedented number of engineering and design improvements, the 2016 Outlander is sure to continue leading its segment in value, style, and safety.

“The 2016 Outlander has an eye-catching new design aesthetic inside and out, and with its long list of engineering upgrades, the new Outlander literally looks, drives, and feels like an entirely new vehicle, making it an even more compelling value than before,” said Don Swearingen, Mitsubishi Motors North America’s Executive Vice President. “Mitsubishi’s outstanding sales momentum is carrying into the new-year and with the arrival of the 2016 Outlander crossover we are well positioned to sustain our growth.”

The 2016 Mitsubishi Outlander debut provided the public with a look at the brand’s new front design concept, called the “Dynamic Shield.” This new feature is a more aggressive design approach than the previous Outlander’s styling, making the crossover an intimidating presence out on the road. Along with its new design, the Outlander also features a variety of design and engineering improvements, including a noise-isolating windshield and rear door glass, improved chassis, and new front end suspension.

If you are interested in learning more about the 2016 Outlander, contact Coronet of Peru today!

2016 i-MiEV Price and Equipment Make For One Value-Packed EV

Mitsubishi is moving ahead to bring the 2016 i-MiEV all-electric car to market later this month. The i-MiEV is a sub-compact, four-door electric car that delivers technology, safety, and convenience at the most affordable price of any green car.

Smooth and efficient acceleration is provided by the electric motor producing 49kW (66hp) mated to a continuously variable transmission. The full compliment of lithium-ion batteries rest underneath the seating and floor areas, lowering the center of gravity and giving the i-MiEV 16wWh of power worth a range of 62 miles per charge. The i-MiEV will come with a DC charging port that can accept high amperage power to rapidly reach 80% capacity in only 30 minutes.

The i-MiEV comes replete with safety features such as an advanced airbag system, Brake Assist that helps mitigate accidents, Electronic Brake Force Distribution (EBF) to balance the braking effort between all four wheels, and stability and traction control. There is even a feature that alerts pedestrians to the oncoming i-MiEV’s presence.

Add in heated front seats, heated mirrors, a 100,000-mile powertrain warranty, and the 2016 i-MiEV price of only $15,495 after federal tax credit, and you have the most affordable EV of 2016. So come in to Coronet of Peru and order yours today!

Best November Sales for Mitsubishi in Seven Years

It seems seven was the magic number for November sales for Mitsubishi Motors North America. The company reported its best November sales since 2007, seven years ago, with nearly 7,000 vehicles sold. And guess by how much sales increased over November sales last year: 7.6%.

The only number that interrupts our streak of sevens is the number of consecutive months of year-over-year sales increases. November is the ninth month in a row in which Mitsubishi’s sales have increased over 2013 sales during the same period.

As usual, the Outlander Sport ranked as the automaker’s best-seller with 2,679 units sold. The Mitsubishi Mirage had a strong month of sales as well, earning a 30.1% increase over last year’s sales during the same period.

“We’ve seen nine consecutive months of year-over-year increases, with the Outlander Sport and the Mirage leading the way,” said Mitsubishi’s executive vice president, Don Swearingen. “We’ve also had a strong November for our Outlander and Lancer and are on track to continue this momentum through the end of the year.”

We at Coronet of Peru are looking forward to another month of successful sales to close out the year. Hopefully, we’ll be seeing you soon!

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