We’ve seen the new Mitsubishi Triton and learnt a lot about what’s coming, but what exactly will this eagerly-awaited new generation ute cost?
Prices of the outgoing fifth-generation Triton currently begin at $30,740 before on-road costs for a GLX 4×2 single cab manual, and peak at $57,940 before on-road costs for the flagship GSR 4×4 double cab pickup.
But what will the new 2024 Triton cost?
The 2024 Mitsubishi Triton prototype testing in Australia
With an upgraded twin-turbo engine, an entirely new design, enhanced 3500kg towing capacity and a larger footprint, we can definitely expect to see a price increase here in Australia.
The new GSR flagship will likely break into the $60,000 before on-road costs club for the first time, pitching it closer to a mid-range Toyota Hilux or Ford Ranger dual cab 4×4.
Traditionally, one of Triton’s key selling points has been its sharper pricing next to its chief rivals.
This is what the high-end Mitsubishi Triton looks like!
New Ranger and Amarok hint at potential pricing
Let’s analyse the Ford Ranger and Volkswagen Amarok pricing history as a point of comparison. This should help us understand how Triton pricing may change with the new model.
The previous-gen T6 Ford Ranger Wildtrak 3.2-litre automatic was priced from $64,590 before on-road costs up to March 2022. This was when the next-gen Ranger was introduced.
We can look to the Ranger and Amarok price increases from old-gen to new-gen
The T6.2 Ford Ranger Wildtrak with bi-turbo power launched for $67,190 before on-road costs, or $70,190 with the new turbo-diesel V6.
That’s a rise of four percent for the twin-turbo, or an 8.6 percent jump to the V6.
If we look at the price difference between the old and new XLT grades – $57,690 and $62,290 respectively – it’s an 8 percent increase.
The Volkswagen Amarok is the new kid on the block
How about the Volkswagen Amarok?
The previous gen Amarok TDI580 Highline was priced at $63,490 before on-road costs. When the new Amarok launched, its successor, the Panamericana grade, was $75,990 before on-roads. That’s a massive 19 percent increase.
Comparing old and new flagship Aventura grades ($73,990 vs $79,990), there was a less dramatic increase of 8 percent.
New Mitsubishi Triton is set to be a significant step up from the outgoing ute
Predicting the future Mitsubishi Triton price
If we take the average of all price increases listed – 7.9 percent – and apply it to the current Mitsubishi Triton GSR 4×4 at $57,940, we can predict the new Triton flagship could cost an estimated $62,500 before on-road costs when it goes on sale.
This means the new flagship Triton would price-match the $62,490 Toyota Hilux SR5, but would be much cheaper than a Ford Ranger Wildtrak four-cylinder at $67,990 before on-road costs.
We expect to see the new Mitsubishi Triton in Australia in 2024
Next to a new Triton GSR, a similar-spec Isuzu D-Max, the LS-U+, is $63,500 plus charges. The D-Max is arguably the Triton’s nearest competitor, with its 2022 4×4 sales just behind the Mitsubishi Triton’s, but both lagged a fair distance behind runaway best-selling HiLux and Ranger.
We’ll update this article when we receive official pricing closer to the new generation’s February 2024 Australian launch.
