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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