August 2011 Sales: Subaru of America

[Drew Dowdell]

Subaru of America Reports August 2011 Sales

-- Legacy up 12% Year-to-Date, Outback up 15% --

"It was a fantastic achievement to break 20,000 sales for August with our current inventory situation. Demand for our products continues to be strong and our dealers have done a terrific job in matching customers with vehicles," said Thomas J. Doll, executive vice president and chief operating officer, Subaru of America, Inc.

<table style="border-collapse: collapse; border-top-style: none; border-right-style: none; border-bottom-style: none; border-left-style: none; border-width: initial; border-color: initial; " cellpadding="1" cellspacing="0"><tbody><tr><td colspan="7" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; " valign="bottom">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-top-style: solid; border-top-color: black; border-top-width: 1pt; border-left-style: solid; border-left-color: black; border-left-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">Carline

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-top-style: solid; border-top-color: black; border-top-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">Aug-11

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-top-style: solid; border-top-color: black; border-top-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">Aug-10

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-top-style: solid; border-top-color: black; border-top-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">% Chg

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-top-style: solid; border-top-color: black; border-top-width: 1pt; border-left-style: solid; border-left-color: black; border-left-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">Aug-11

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-top-style: solid; border-top-color: black; border-top-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">Aug-10

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-top-style: solid; border-top-color: black; border-top-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">% Chg

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-left-style: solid; border-left-color: black; border-left-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">MTD

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">MTD

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">MTD

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">YTD

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">YTD

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">YTD

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-left-style: solid; border-left-color: black; border-left-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">Forester

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">6429

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">7234

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">-11.13%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">49789

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">57672

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">-13.67%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-left-style: solid; border-left-color: black; border-left-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">Impreza

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">3360

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">3801

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">-11.60%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">27730

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">29377

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">-5.61%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-left-style: solid; border-left-color: black; border-left-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">Legacy

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">3271

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">2965

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">10.32%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">28199

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">25166

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">12.05%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-left-style: solid; border-left-color: black; border-left-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">Outback

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">7572

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">8053

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">-5.97%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">67184

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">58230

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">15.38%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-left-style: solid; border-left-color: black; border-left-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">Tribeca

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">205

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">186

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">10.22%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">1714

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">1737

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">-1.32%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-left-style: solid; border-left-color: black; border-left-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; " valign="bottom">TOTAL

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">20837

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">22239

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">-6.30%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">174616

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 14pt; " valign="bottom">172182

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1pt; border-right-style: solid; border-right-color: black; border-right-width: 1pt; padding-right: 6pt; " valign="bottom">1.41%

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td colspan="8" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; " valign="bottom">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; " valign="bottom">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; " valign="bottom">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; " valign="bottom">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; " valign="bottom">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; " valign="bottom">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; " valign="bottom">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td colspan="7" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; " valign="bottom">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr><tr><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td><td style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-family: arial, sans-serif; ">

</td></tr></tbody></table>

"We are now at the lowest point of our inventory shortages," said Bill Cyphers, senior vice president, sales, Subaru of America, Inc. "September will mark the start of recovery in dealer inventory and we are looking forward to Subaru dealers setting sales records again".