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Colt worthier than Ferrari

Time 12 years ago

colt rvs beat ferrariMITSUBISHI’S facelifted Colt is worth more after 1 year than a Ferrari F430, a shock industry report has revealed.

The CZ1 and CZ2 3-door models have a predicted residual value of 75 per cent after 1 year.

This compares to the Ferrari’s 74 per cent. And, the 72 per cent of a Jaguar XF, and 52 per cent of a Maserati Quattroporte…

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The Colt, according to CAP Monitor, also beats the Mazda 2, new Ford Fiesta, Toyota Yaris and Vauxhall Corsa for retained values.

Extend the period to 3 years and it is denied a place at the top of the table only by the Ferrari F430. Once again, it beats all the other cars listed.

This has been achieved through trade confidence. Dealers, says CAP, like its value, specification and reliability.

And a proven sales history. Mitsubishi says it didn’t distress-sell the previous model, or discount to big fleets and retailers. Last year, 8698 were sold. Proving? ‘That stock management is key to alleviating stress on used market values.’

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Lance Bradley, Mitsubishi’s director of sales and marketing said: ‘These residual values… 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.’

On sale now, a 150bhp Ralliart Colt arrives early in 2009. Contrasting with a low-CO2 ClearTec model that also arrives, with stop-start and petrol CO2 emissions of 115g/km.

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