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Highest and lowest depreciating cars of 2009 in the UK |
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Jan 27, 2010 - 10:14 AM - by Joeychgo
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Filed under: Car Buying, Budget, Honda, Maybach, Mitsubishi, Ferrari, UK, Luxury
Car price guide Parker's has produced its latest depreciation lists for cars in the UK. It's probably of most use if you're shopping at the lower-priced end of the car spectrum, since a straight-up comparison would be pointless. Seven of the 10 cars with the least depreciation are Japanese, headed by the Honda Jazz, and all of them are small. Five of the 10 cars with the greatest depreciation, headed by the Maybach 57S, are English, and none of them are cheap.
Parker's doesn't break the list down into model trims, but the least expensive Honda Jazz on Honda's UK site goes for £11,058 on-the-road (OTR). With 10,000 miles on the odo it will lose £1,379 in value a year later, or 12.5 percent of its value. A Maybach 57S goes for £297,945 OTR, and Parker's says it drops by £127,526 a year later after 10K miles, or 43 percent. If, however, you've spent £400,000 on a car after adding special features, you probably have better things to think about than your fleet's depreciation.
At the other end of the least depreciating vehicles is the Mitsubishi i, which loses £2,271 after a year, a slightly whopping 25 percent. That is almost as bad as the Ferrari F430, which does the 'best' on the most depreciating list, losing 'just' £37,188, or 27 percent. Back to that Maybach 57S for a moment, though: a dealer in Surrey has a used one for sale, with 10,000 miles, for £249,990. Perhaps he doesn't read Parker's?
[Source: Parker's via Gizmag]Highest and lowest depreciating cars of 2009 in the UK originally appeared on Autoblog on Wed, 27 Jan 2010 10:00:00 EST. Please see our terms for use of feeds.
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Report: Mitsubishi looking to claw back to 100,000 sales in U.S. in three years |
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Jan 26, 2010 - 10:21 PM - by Joeychgo
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Filed under: Car Buying, Mitsubishi, Earnings/Financials
 2010 Mitsubishi Outlander GT - Click above for high-res image gallery
When the healthy catches a cold, the sickly contract the flu. Over the past few years, Mitsubishi has been suffering from a degenerative case of bronchial pneumonia, with a side of strep and a nasty rash. In other, less contagious words, Mitsubishi has been faring very poorly during the industry's worst downturn in decades, and it's tough to say if the struggling Japanese automaker will ever leave the intensive care unit.
But to listen to John Koenig, executive vice president of Mitsubishi North America, that will all change over the next few years. Koenig has told Wards Automotive that he sees Mitsubishi hitting 100,000 sales in the U.S. within three years. Mitsubishi only sold 53,986 vehicles in 2009, down 44.5 percent compared to a still depressing 2008, and that's only one sixth of the Japanese automaker's 345,111 U.S. sales in 2002. Koenig says he's had to reassure dealers that Mitsubishi isn't leaving the North American market, adding "that's probably their biggest fear, because they're reading about it in various journals."
To get out of its sales rut, Mitsubishi plans to bolster sales with the help of the 2010 Outlander, a vehicle that we found to be pretty entertaining and capable. Koenig also points to the current Lancer as another vehicle that could help turn sales around.
Will Mitsubishi return to sales of 100,000 units a year in the States? It's difficult to say, really, but given the automaker's performance over the past few years, we're not all that optimistic. The good news though is that most sales problems can easily be cured with good products, and if the Outlander is as good as we think it is we're thinking, Mitsubishi has a shot at staying relevant - though they had better be readying a few new cannons in their arsenal.
Gallery: First Drive: 2010 Mitsubishi Outlander GT
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