New-look Colt secures class-leading 1- and 3-year residual values
New Mitsubishi Colt’ s forecast residual values are the best in its class. The latest figures show that the CZ1 and CZ2 3-door variants have a predicted residual value of 75 per cent of their new value after 12-months / 10,000 miles and 41 per cent after 3-years / 60,000 miles according to independent CAP Monitor data. The 5-door has proven it’s no slouch either with 74 per cent and 40 per cent residual values predicted over the same 1-year and 3-year periods.
The Colt’s residuals beat those of some notable rivals, Mazda2, new Ford Fiesta, Toyota Yaris and Vauxhall Corsa. 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 per cent more of its new value.
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”.
Available to buy or lease now, click here for leasing deals.
