New data published by the RACV has illuminated the running costs of popular new cars, finding that the cost of vehicle ownership is rising.
Victoria’s motoring club says the cost of car ownership has increased by 0.8 per cent to an average of $209.50 per week in the last 12 months, though it is possible to own and run a car for much less than that.
The Mitsubishi Mirage stands out as the cheapest new car to own and run in Australia when fuel use, registration, insurance and depreciation are factored in, costing just $108.78 per week.
Suzuki’s Swift finished second overall and first-in-class with a figure of $117.80, ahead of the Honda Jazz, Suzuki Baleno and Mazda2.
Small car contenders were led by the Kia Cerato ($129.41) by a long margin, ahead of the Mitsubishi Lancer ($155.02), Honda Civic ($155.53) and Hyundai i30 ($155.94).
Skoda’s Octavia ($192.14) was best of the mid-sized pack, while the bigger Superb ($240.51) finished second to Holden’s ZB Commodore ($237.81) in the large car stakes.
Unsurprisingly, the twin-turbocharged Kia Stinger 330S ($292.89) was more than twice as expensive to run than the humble Cerato.
A comparatively low purchase price helped the Mitsubishi Outlander PHEV ($259.22) finish on top of the electric car stakes, and the same was true of Honda’s Odyssey people mover.
A compact 1.5-litre engine saw the Mazda MX-5 ($204.77) crowned as the cheapest sports car to run ahead of the Subaru BRZ and Toyota 86 twins.
Suzuki’s Vitara ($153.84) finished ahead of the Mazda CX-3 and Hyundai Kona in the City SUV running, while the Haval H6’s bargain price was enough to overcome cheaper service and running costs for the Mazda CX-5 and Kia Sportage.
Mitsubishi’s Triton proved the cheapest ute to run in both two-wheel-drive ($210.99) and all-wheel-drive ($225.95) form, with the Isuzu D-Max finishing second in both groups.