Mitsubishi Mirage value and depreciation
Known for basic three-cylinder city car.
Depreciation curve
We class the Mitsubishi Mirage as a budget & entry level in our 12-tier model, which puts its retention at roughly 63% after three years and 49% after five. Big used demand keeps cheap cars moving, but thinner brand equity means faster percentage losses than the Polo class.
Retention table
| After | Retained |
|---|---|
| 1 year | 80% |
| 3 years | 63% |
| 5 years | 49% |
| 7 years | 38% |
| 10 years | 25% |
Estimates for a new purchase at list price; retail basis, trade-in ≈ 12% under retail.
Mitsubishi launched this small three-cylinder hatch in South Africa in 2013 to chase budget-car volume. It never caught on against established rivals and quietly left the range within a few years. Used examples are cheap to run but thin on the ground.
Mirage against its rivals
Mitsubishi Mirage: common questions
Does the Mitsubishi Mirage hold its value?
We class the Mitsubishi Mirage as a budget & entry level in our 12-tier model, which puts its retention at roughly 63% after three years and 49% after five. Big used demand keeps cheap cars moving, but thinner brand equity means faster percentage losses than the Polo class.
Keep going
All figures are modelled estimates for planning, not offers or valuations. Data reviewed 2026.