MG Adjusts Pricing for MG 4 Electric Vehicle and Introduces New Warranty
MG has recently made waves in the Australian automotive market with updates to its pricing structure and warranty offerings for the MG 4 electric vehicle (EV). Here’s a breakdown of the latest changes and what they mean for prospective buyers.
New Pricing Structure for MG 4
As of August 1, MG has shifted to state-based drive-away pricing for the MG 4, resulting in varied prices across different regions. For the entry-level MG 4 Excite 51, the national drive-away price has increased in most areas, except the ACT and NT. Here’s a snapshot of the updated pricing:
| Model | August 2024 MSRP | August 2024 Drive-Away Price | July 2024 Drive-Away Price |
|---|---|---|---|
| MG 4 Excite 51 | $37,990 | $39,252 - $41,415 | $39,990 |
| MG 4 Excite 64 | $41,990 | $42,252 - $45,868 | $44,990 |
| MG 4 Essence 64 | $44,990 | $46,252 - $49,229 | $46,990 |
| MG 4 Long Range 77 | $50,990 | $52,303 - $55,943 | $52,990 |
| MG 4 XPower | $55,990 | $57,453 | $59,990 |
Interestingly, while the drive-away prices for the MG 4 have increased, the MSRP before on-road costs has actually decreased. For example, the price of the top-spec MG 4 XPower AWD is now $2,537 less than it was in July.
Price Adjustments for the MG ZS EV
In addition to the MG 4 updates, MG has slashed the drive-away price of the entry-level MG ZS EV by up to $8,703, bringing it to $34,990. This move makes the MG ZS EV the most affordable electric vehicle in Australia once again. Unlike the MG 4, the MG ZS EV’s Excite variant benefits from a nationwide drive-away offer, while other trims still follow state-based pricing.
The Pricing Landscape
MG's approach to pricing has seen several changes over the past 18 months, oscillating between nationwide and state-based drive-away prices. This strategy reflects a response to varying stamp duty and registration costs across different states and territories. MG Motor Australia's spokesperson commented on the evolving pricing structure, stating:
“MG Motor Australia employs a comprehensive sales and distribution network of more than 90 dealers to ensure our vehicles are easily accessible to potential customers. We regularly invest in brand-building promotions, sales campaigns, and effective customer relationship management to attract and retain a loyal customer base.”
A New Era of Warranty
On a more positive note, MG has introduced the longest factory warranty ever offered by a new-car maker in Australia. The new warranty covers 10 years or 250,000 kilometers (whichever comes first), extending the previous seven-year coverage. This substantial warranty upgrade underscores MG’s commitment to long-term reliability and customer satisfaction, although it now includes a distance cap compared to the previous unlimited kilometers.
Summary
The latest updates from MG bring a mix of changes to pricing and warranty offerings. While state-based drive-away prices for the MG 4 have increased, the MSRP has dropped, potentially offering savings for those who don’t opt for drive-away pricing. The MG ZS EV sees a significant price cut, solidifying its position as a leading affordable electric vehicle. Meanwhile, the introduction of a 10-year warranty with a 250,000km cap reflects MG’s growing confidence in its vehicles and commitment to customer care.
For those interested in exploring MG’s latest offerings, the refreshed pricing and extended warranty provide compelling reasons to consider an MG vehicle as both a practical and cost-effective choice.