380 used values to suffer?

Retained values of the Mitsubishi 380 are likely to suffer, following the announcement of Mitsubishi's plan to close its manufacturing facility at Tonsley Park, in South Australia. That's the considered opinion of automotive market research company, the Red Book.

Les Groves, Managing Director for the Red Book, tells us: "The unfortunate part about [the end of local production] is that we had the 380s looking reasonably good".

"The Mitsubishi 380 has had a high percentage retained value, compared to a Ford Falcon and a Holden Commodore up until this time, mainly because it has been considerably cheaper."

Figures provided by The Red Book indicate that the 380 currently can be expected to retain 66 per cent of its retail value over a three-year period, compared with 48 per cent for Ford's Falcon and 63 per cent for the Holden Commodore.

The Red Book plans to review the 380's Price Ahead (future retained values) in light of the news that Mitsubishi would shut up shop in the Australian manufacturing environment.

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