The seventh generation Mitsubishi Colt was the second Colt to be released on the Australian market. It was released in Japan in 2003, with a European release in 2004. It hit the Australian market in August 2004, designated as the RG model.
The Colt has been released in 5 door hatch and 2 door cabriolet body styles. Hatchbacks are imported from Japan while the Cabriolet is imported from Italy.