Mitsubishi Colt in Mumbai

Mitsubishi Colt for sale in Mumbai (India)

Are you in the market to buy (or sell) a Mitsubishi Colt in Mumbai? Vehiclus studied the used auto market of all metropolitan areas in India to determine a pricing profile of various Mitsubishi models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your Colt (or to make sure to not be ripped off when purchasing a Mitsubishi Colt) it is a good idea to know all price-determining factors.

Supply and Demand of Mitsubishi Colt on the local auto market

Mumbai is a metropolitan area with a population of 12691836 inhabitants. However, it is hard to find more than a handful Mitsubishi Colt on the market at the same time. Hence, the supply is small and the demand depends on a multitude of parameters for example brand reputation, mileage, and reliability.

Price Devaluation Curve of the Colt in Mumbai

As seen below, cars of the make Mitsubishi and specially of their model Colt devaluate in a very usual process. The mean value of the Colt will be lowered by 13% ($21,563) after only one year. After three years, the car typically costs only 64% of its original asking price ($15,443) while it will only be worth 30% of the original price after 7 years ($6,166). The Colt's value after 12 years is only 12% of its original price depending on its condition of course.


Depreciation according to mileage

Another way to analyze vehicle depreciation is to examine the decrease of value over kilometers driven. The Mitsubishi Colt depreciation curve below illustrates this phenomenon for the city of Mumbai. The Colt looses most of its resell price (ca 50%) within the first 20,000miles (30,000km) driven. The typical price for a Colt at that mileage is approximately $13,947. After that the depreciation slows down: at 90k kilometers the Mitsubishi Colt is sold for $8,074 in Mumbai and for $3,219 at 180k km of mileage.

Mitsubishi Colt price depending on condition (fair, good, excellent)

The last value that significantly impacts the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the deflation of a Mitsubishi Colt according to its year and its condition.

Vehicle Year Mitsubishi Colt Condition
fair good excellent
2017$18,668$21,519$24,370
2016$16,417$18,924$21,431
2015$14,325$16,513$18,701
2014$12,393$14,286$16,178
2013$10,621$12,243$13,865
2012$9,008$10,384$11,759
2011$7,555$8,709$9,863
2010$6,262$7,218$8,174
2009$5,128$5,911$6,694
2008$4,154$4,788$5,423
2007$3,339$3,850$4,360
2006$2,685$3,095$3,505
2005$2,190$2,524$2,859
2004$1,855$2,138$2,421
2003$1,679$1,935$2,192
2002$1,663$1,917$2,171

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Mitsubishi Colt variations:
COLT 1.5L
COLT 3P 1.5L DI-D Invite
COLT 1.5DI-D (95ch) ALLSHIFT
COLT 1.3L
COLT CZ3 1.3L ALLSHIFT
COLT CZ3 1.5L
COLT CZ3 1.5 DI-D 95
COLT CLEARTEC 5P 1.3L Invite
COLT 1.5DI-D (95ch)
COLT 3P 1.3L Invite
COLT 3P 1.5L Turbo Ralliart
COLT 5P 1.3L Invite
COLT 5P 1.5L DI-D Invite
NOUVELLE COLT 5P 1.3L Invite
NOUVELLE COLT 3P 1.1L E/ Inform/ invite
COLT CZT
COLT CZC 1.5L Turbo
NOUVELLE COLT 3P 1.3L Invite
COLT 1.3L ALLSHIFT
COLT CLEARTEC 3P 1.3L Invite
COLT CZ3 1.1L
NOUVELLE COLT 5P 1.1L Inform/ Invite
COLT CZ3 1.5DI-D (95 ch)
COLT 1.1L
COLT CZC 1.5L Invite/Instyle
COLT CLEARTEC 3P 1.1L E / Inform / Invite
COLT CZC 1.5L Invite / Instyle
COLT 3P 1.5L Turbo
COLT CZ3 1.3L
NOUVELLE COLT 3P 1.5L Turbo Ralliart
COLT CLEARTEC 5P 1.1L Inform / Invite