DO cars age faster than people? When the Toyota RAV4 was launched it was a light, spritely, happy, little car with a fun-loving spring in its step.

Sixteen years on, it’s into its third generation and the grandparent of the original has grown into a suitably serious, if not entirely sober, vehicle.

Ahead of its time when it first appeared in 1994, the RAV4 set the benchmark for compact sports utility vehicles, and over the years it has proved the world’s most successful compact SUV.

Probably the reason for that is that the RAV4 never felt like a mud-muncher to drive. From its earliest days it felt more like a sporty hatchback than a vehicle with off-road abilities.

The latest model is an all-round bigger beast, longer and wider to give more interior space, yet still easy to manage, more comfortable than ever and both quiet and stable at speed.

The chunky looks and high-riding driving position form part of the appeal, even for people who have no wish, or need, for all-wheel-drive. Recognising that, Toyota has reintroduced a two-wheel-drive version, for those who know they will never need the extra pulling power offered by the 4x4 model.

The four-wheel-drive model is pretty sophisticated and does away with a conventional centre differential by using a network of electronic sensors to monitor and control the transfer of pulling power between the front and rear wheels. It ranges from full front-wheel drive in normal on-road conditions to a 55:45 front-to-rear balance.

Smarter still, the new model also combines the information from that 4x4 system with a stability control system and the electrically-powered steering to help bring the vehicle under control if the start of a skid or slide is detected.

On top of that, the RAV4 now comes with Hill-start Assist Control, which prevents the vehicle from slipping backwards when pulling away on a hill, and, on models with automatic transmission, Downhill Assist Control, which automatically applies braking pressure on steep descents without the wheels locking.

Worries about global warming, emissions and fuel economy were much less pronounced in the mid-1990s, but the latest version pays much more than a passing nod to environmental concerns.

So the three engines which power the 2010 range are all more efficient. The unit in the test model develops more power, but at the same time CO2 emissions are down 16 per cent and fuel economy is up by 20 per cent.

Styling revisions include a new front bumper, grille and headlamp design. Turn indicator lights are incorporated into the door mirrors; fog lights are integrated in the front bumper unit and the car rides on split-spoke 17-inch alloy wheels.

The smart exterior is backed by seriously luxurious touches inside. Standard equipment ranges from leather upholstery, dual-zone climate control and Bluetooth, to keyless entry, heated front seats and automatic headlights and wipers – just the sort of upmarket treatment to appeal to a more knowing and grown-up customer.

The RAV4 may have a few grey hairs, but it still knows how to have fun.