Mitsuishi Colt has a Better Residual Value than the Ferrari 430 Coupe
Published: 28th November 2008
Mitsubishi Colt
Mitsubishi's next generation Colt is winning friends wherever it goes. Both the 3- and 5-door models have been designed to bring even more style, practicality and performance to this fiercely competitive supermini sector.
Confidence in this good value, well-specified and reliable supermini has been reflected in its forecast residual values. Best-in-class, the new Mitsubishi Colt beats some notable rivals such as the Mazda2, new Ford Fiesta, Toyota Yaris and Vauxhall Corsa.
The latest figures show that the CZ1 and CZ2 3-door variants have a predicted residual value of 75% of their new value after 12-months / 10,000 miles and 41% after 3-years / 60,000 miles. The 5-door Mitsubishi Colt has proven it's no slouch either with 74% and 40% residual values predicted over the same 1-year and 3-year periods.
Outside its more 'traditional' competition the new-look Mitsubishi Colt beats the Ferrari 430 Coupe, Jaguar XF Luxury Saloon and Maserati Quattroporte - retaining up to 22% more of its new value.
The previous generation Mitsubishi Colt's sales success was built on a responsible sales strategy that refused to cave-in to distress selling or big discount fleet and retail deals. In 2007 a healthy 8,698 new Mitsubishi Colts were sold, proving that stock management is key to alleviating stress on used market values.
Lance Bradley, Mitsubishi's Director of Sales and Marketing said: "We are really pleased with these residual values. They underline the strong value of this car both as a new-car proposition and as a used car for the future. It's also a great reward for the way we have responsibly sold the Colt since its relaunch in mid-2004. Beating a Ferrari, Maserati and Jaguar is, of course, a bit of fun but the serious message is that we are top of the pile with all our main competition in the B-segment".
Starting at just £7,749, the next generation Mitsubishi Colt is on sale now with Mitsubishi dealers across the UK. A new 150bhp 'hot hatch' Ralliart version is due in the UK early next year promptly followed by a range of low CO2 emission variants, badged 'ClearTec', with emission levels starting at 115gkm as announced at the Paris Show.
Mitsubishi Colt
Our Mitsubishi Colt Guide lists the full specification of the current UK Colt range, including car prices, fuel consumption, dimensions and other vital data.
Price Range: £7,999 - £12,849
Body Styles:
Fuel:
Models in the range: 13
We have road tested the Mitsubishi Colt, to read our in-depth car review:
Mitsubishi Colt Review - Mar 2005
Our Car Buyer’s Guide covers all of the UK’s major new cars and includes CO2 ratings and car insurance groups. Data updated on the 14th Oct 2009
