Big hopes for small project
HE Korean-built Hyundai Getz has been named the cheapest car to own and run.
It is the fourth year in a row the budget Getz has been rated the most economical car by the RACV’s annual ownership survey.
A Getz costs $118.44 a week to run, just $3.79 more than last year.
At the other end of the scale, three rugged Toyota LandCruiser models again are the most expensive.
The popular off-roader costs $385 a week to run for the V8 diesel and $369.88 for the V8 petrol.
The LandCruiser ute costs $328.48 a week.
RACV public policy manager Brian Negus said overall costs had risen 4.5 per cent in the past year, but of the 78 cars surveyed, the running costs of many were still below or at a similar level to where they were two years ago.
‘‘Costs haven’t gone up astronomically, but they’ve risen pretty much in line with CPI,’’ he said.
T‘‘Australia’s most fuel efficient car, the Ford Fiesta Econetic, was the cheapest in the entire survey to run at 10.23c a kilometre,’’ he said.
‘‘But its larger purchase price made it more expensive to own at $149.29 a week than other light cars.’’
However, the Econetic diesel is significantly cheaper to run than a hybrid Toyota Prius or Honda Civic, which costs $222.22 and $191.44 a week.
LPG vehicles are also cheaper to run than petrol cars.
An LPG Commodore costs $3.22 a week less to run than a normal Commodore, while an LPG Falcon was $13.27 less.
Negus said depreciation was one of the biggest hidden costs, accounting for 37 per cent of ownership costs for any given vehicle.
The survey considers depreciation, fuel costs, servicing, stamp duty, spare parts, tyres, insurance and registration. DEMAND for efficient and economical cars is growing, and Mistubishi’s new Global Small project will cater to that market. PAUL GOVER reports A NEW Mitsubishi ‘‘baby car’’ is being developed to satisfy a global downsizing movement.
The newcomer will be smaller and cheaper than today’s Colt, which opens the action for Mitsubishi in Australia from $15,740, and should be ready for the road within two years.
The codename for the project is Global Small and it is a personal priority for the president of Mitsubishi Motors, Osamu Masuko.
‘‘The key issue facing the industry at the moment is increased demand from new markets, emerging economies, while sales in mature markets remain static,’’ Masuko said.
‘‘Increased environmental concerns have also become a major issue. These two factors are affecting the way we do business and have seen, globally, a shift from large passenger vehicles to smaller, more efficient and economical cars.
‘‘In developing countries we believe the sales and importance of these vehicles will rise.
‘‘It is believed the growth segment will be small cars.’’