next generation colt - worth more than a ferrari!

 

  • New-look Colt secures class-leading 1- and 3-year residual values
  • Better residual values than a Ferrari 430 Coupe and a Jaguar XF

Mitsubishi Motors’ 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.

Latest Residual Value Figures

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.[1] The 5-door 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 Colt beats the Ferrari 430 Coupe, Jaguar XF Luxury Saloon and Maserati Quattroporte – retaining up to 22% more of its new value.

Responsible Sales, No Stress

The previous generation 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 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”.

On Sale Now

Starting at just £7,749[2], the next generation 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.

Notes to Editors:

CAP Monitor, 1-Year / 10,000 Mile Data, November 2008

MODEL

DERIVATIVE

COST NEW

1 YR/10 K MLS

%

NEW COLT

CZ2 3 DOOR

£8,749

£6,600

75%

NEW COLT

CZ1 3 DOOR

£7,749

£5,850

75%

NEW COLT

CZ2 5 DOOR

£9,249

£6,850

74%

NEW COLT

CZ1 5 DOOR

£8,249

£6,850

74%

FERRARI

430 COUPE

£172,150

£127,400

74%

JAGUAR

XF SALOON LUXURY

£33,445

£24,125

72%

MAZDA 2

TS 3 DOOR

£7,924

£5,625

71%

MAZDA 2

TS 5 DOOR

£8,284

£5,950

71%

NEW FIESTA

STUDIO 3 DOOR

£8,520

£5,875

69%

NEW FIESTA

STYLE 3 DOOR

£9,120

£6,250

69%

NEW FIESTA

STYLE 5 DOOR

£9,720

£6,500

67%

YARIS

1.0 VVTI T2 3 DOOR

£8,910

£5,200

58%

YARIS

1.0 VVTI T2 5 DOOR

£9,410

£5,475

58%

CORSA

1.2 CLUB 3 DOOR

£9,900

£5,625

57%

CORSA

1.0 LIFE 3 DOOR

£8,995

£5,025

56%

YARIS

1.3 VVTI T3 3 DOOR

£10,630

£5,875

55%

YARIS

1.3 VVTI T3 5 DOOR

£11,130

£6,150

55%

CORSA

1.2 CLUB 5 DOOR

£10,625

£5,850

55%

CORSA

1.0 LIFE 5 DOOR

£9,720

£5,250

54%

MASERATI

QUATTROPORTE

£76,760

£39,800

52%

 

CAP Monitor, 3-Year / 60,000 Mile Data, November 2008

MODEL

DERIVATIVE

COST NEW

 3 YRS/60K MLS

 %

FERRARI

430 COUPE

£172,150

£74,925

44%

NEW COLT

CZ2 3 DOOR

£8,749

£3,575

41%

NEW COLT

CZ1 3 DOOR

£7,749

£3,150

41%

NEW COLT

CZ2 5 DOOR

£9,249

£3,700

40%

NEW COLT

CZ1 5 DOOR

£8,249

£3,700

40%

JAGUAR

XF SALOON LUXURY

£33,445

£13,125

39%

MAZDA 2

TS 3 DOOR

£7,924

£3,100

39%

MAZDA 2

TS 5 DOOR

£8,284

£3,275

39%

NEW FIESTA

STUDIO 3 DOOR

£8,520

£3,225

38%

NEW FIESTA

STYLE 3 DOOR

£9,120

£3,425

38%

NEW FIESTA

STYLE 5 DOOR

£9,720

£3,550

37%

YARIS

1.0 VVTI T2 3 DOOR

£8,910

£2,950

33%

YARIS

1.0 VVTI T2 5 DOOR

£9,410

£3,100

33%

CORSA

1.2 CLUB 3 DOOR

£9,900

£3,075

31%

CORSA

1.0 LIFE 3 DOOR

£8,995

£2,750

31%

YARIS

1.3 VVTI T3 3 DOOR

£10,630

£3,325

31%

YARIS

1.3 VVTI T3 5 DOOR

£11,130

£3,500

31%

CORSA

1.2 CLUB 5 DOOR

£10,625

£3,200

30%

CORSA

1.0 LIFE 5 DOOR

£9,720

£2,875

30%

MASERATI

QUATTROPORTE

£76,760

£22,350

29%

 

 

[1] Source: Cap Monitor, November 2008

[2] The List Price includes VAT and the cost of delivery to the dealer's premises, but excludes Government Road Fund Licence and First Registration Fee.

 

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Next generation Colt 3-Door

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