Although a new, substantially larger and more expensive generation of Lancer sedan arrived in 2000, many export markets retained the Mirage-derived model up until 2003 when Japanese manufacture concluded and Mitsubishi retired the "Mirage" nameplate worldwide. This is especially true of the hatchback and coupé which were not redesigned due to Mitsubishi's financial troubles. In other markets, the newer sedan often co-existed with the old as a more premium offering. Mitsubishi eventually replaced the three-door in 2005 for Europe only with the three-door Colt—the name previously used in many export markets to denote the Mirage from 1978 onwards. A five-door variant of the Colt had earlier been released in 2002. By 2003, the only Mirage sold in Japan was the coupé, now without the Asti designation. Mitsubishi did not tender a replacement for the coupé.