Welcome back to your weekly wrap up of car news where we find the bits that matter and condense them down into one easy read.
For all the bickering around the price of new cars being too expensive, quite frankly it all pales in comparison to the used market which has been utterly broken by the COVID-19 pandemic.
The situation peaked this week when Tesla dropped the price of an entry-level Model 3 sedan to around $65,000 driveaway and yet there are still an absolute glut of people selling their two-year old models for upwards of $70,000 – no I’m genuinely serious.
Even your average Mazda CX-5 midsize SUV with 100,000 hard kilometres and a defiant vomit stain in the back seat seems enough to trade for a private island and a jet to get there, and yet Subaru just announced the facelifted Forester will start at $35,990 before on-road costs.
All this nonsense leads me to a conclusion you want to hear: there has rarely been a better time to sell the old junker and snap up a shiny new toy you’ve always wanted, and boy did we get some nice new options to choose from this week.
It’s not often a company gets to call a new project its quickest car yet but Hyundai has done exactly that with the i30 Sedan N, a model which was previously known as the Elantra.
Don’t be fooled, this isn’t just a regular i30 N hatch with a weird boot, it actually sits on a whole new – and possibly even better – chassis.
It carries over the same turbocharged 2.0L four-cylinder from the i30 hatch and produces 206kW of power (or 213kW briefly) and 392Nm of torque matched with a limited slip differential up front.
Hyundai have also fitted super wide 245mm Pilot Sport 4S tyres which helps it get from 0-100km/h in 5.3 seconds. It’s not been priced yet but it will arrive in Australia later this year.
Swedish people have never been known for being particularly outgoing, so it should be somewhat expected that they would release pricing details on a gem like the V60 Cross Country for Australia without much fuss.
After culling their wagon range earlier this year the V60 Cross Country will arrive in Australia next month with a single grade priced at $64,990 before on-road costs, or around $71,000 driveaway.
One engine will be available, a turbocharged 2.0L four-cylinder engine mated to a 48-volt hybrid system sending a total of 184kW of power and 350Nm of torque to the all wheel drive system.
In the wake of moving manufacturing of Australian-delivered cars to China, Tesla decided to drop the price of the Model 3’s entire range with the entry-level variant costing $59,990 before on-road costs.
It represents a huge $14,000 drop compared to its 2020 specification, similarly the mid-spec Model 3 Long Range is now $73,400 and the Performance is $84,900.
What’s more, states such as NSW have several incentives for electric cars that include $3,000 off the outright purchase price and waiving of stamp duty. Meaning you could genuinely snag an entry-level Model 3 for around $59,473 driveaway.
Car news, 29 Feb ’24: Infiniti QX80 previews future Patrol look, Renault in talks to build EVs with Volkswagen, and more
Car news, 27 Feb ’24: Toyota Australia announces pricing for electric BZ4X, Renault debuts retro 5 E-Tech, and more
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