Mitsubishi Motors Australia Ltd. sells the last 380 sedan to be built Down Under for A$100,000 ($93,964), more than triple its retail cost.

The John Hughes Mitsubishi dealership in Perth, Western Australia, put in the winning bid, which earned it not only the car but also say in the charity that will get the proceeds from the sale.

The auction price compares with a price of A$34,490 ($32,410) for the base model at launch. That later was cut to A$27,990 ($26,300).

Mitsubishi Australia ended production of the 380 last month, closing its assembly plant outside Adelaide.

The auction of the silver Platinum sedan was conducted by Mitsubishi Australia CEO and President Robert McEniry and included bids by telephone and the Internet.

“The final Mitsubishi 380 sedan has been very keenly sought, with enquiries from all over Australia,” McEniry tells reporters.

“So it was decided the only fair and equitable way to dispose of the vehicle was through our dealer auctions, to allow interested parties an opportunity to secure the vehicle. This is a fitting result for such a fantastic and well-built car.”

With the auction, Mitsubishi Australia decided the fate of the last four 380s built. Earlier, one was given to the Royal Flying Doctor Service, one to Vision Australia and one to the National Motor Museum.