Big hopes for small project

NT News - Motoring - - NEWS -

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.’’

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