Hot hatch price rises $19,990 hard to beat
MY favourite car last year – Ford’s Fiesta ST baby hot hatch – has lost its bang for buck appeal.
The super sharp starting price of $25,990 plus on-road costs will be increased by $1500 to $27,490 from September 2016 or an estimated $231,022 on the road. The price of metallic paint has also gone up, to $450 from $385.
Ford says the higher retail price covers the addition of built-in navigation, a rear view camera, a high-resolution display screen, illuminated scuff plates in the door openings, red paint on the brake calipers and charcoal-painted wheels.
Unfortunately, there is no more power for the updated Fiesta ST’s 1.6-litre turbo four, even though a special edition with more grunt and a sharper chassis – called the ST200 – is about to go on sale in Europe.
Even though the Fiesta ST has exceeded sales expectations Down Under — more than 1200 sold since 2013, with 2015 accounting for the biggest tally — Ford Australia did not put its hand up for some of the 1600 limited edition models to be sold in Europe.
Ford also attributed some of the Fiesta ST’s price rise to currency fluctuations (the performance model is made in Germany rather than Thailand), even though the Australian exchange rate with the euro hasn’t shifted dramatically in that time.
Ford defended the price rise by pointing out the Fiesta ST’s new price is the same as the VW Polo (which is more powerful, faster and has more doors than the three-door Fiesta ST) and still undercuts the Peugeot 208 GTI and Renault Clio RS.
Importantly, the price rise does not apply to Fiesta ST models still in dealer stock. They remain $29,522 drive away. The price rise is a bold move for a car nearing the end of its model life. Most cars usually hit discount mode as a full model change approaches.
But Ford has been able to buck this trend because the Fiesta ST has been lauded by critics the world over for its razor sharp handling, flexible turbo power delivery and funto-drive responsiveness. THE $19,990 drive-away deals of the Kia Cerato and Hyundai i30 are causing headaches at other car companies.
Kia is clearing 2015-build cars at a truly bargainbasement price.
When you do the sums on the Cerato it turns out that the latest showroom offer by the South Korean maker is in line with much smaller cars.
The Cerato is being advertised at $19,990 driveaway, with an automatic gearbox plus Kia is also throwing a $1000 “gift card” into the deal.
Working backwards from $19,990, allowing a conservative $3000 for the auto and onroads, the price drops to $16,990.
Pick up the gift from headquarters, which most people apply to the final price and we’re talking about a $15,990 bottom line for the Cerato.
That’s a brilliant deal for a small car that’s not just a tiddler, although rival brands are not happy. It’s not just Kia.
The sums look pretty nice on the Hyundai i30 at the moment.
The current $19,990 driveaway deal is a saving of close to $7000.
If you take the base price at $20,990, then add $2300 for an auto and $3700 for NSW onroad costs, you quickly get to $26,987 for a car that’s available on the road for just $19,990.
So it’s no wonder the i30 was Australia’s best selling car last month, or that Kia and Hyundai both intend to keep their sub-$20,000 drive-away deals into the distant future.