Mitsubishi won’t slash prices to remain a top-five brand in Australia

Mitsubishi won’t slash prices to remain a top-five brand in Australia


Mitsubishi says it intends to remain profitable in Australia while offering good-value products, but it won’t slash its prices to remain a top-five auto brand here.

“While we have acknowledged a top-five volume target in the past, we aren’t targeting a specific ranking or number,” Mitsubishi Motors Australia Limited CEO Shaun Westcott told CarExpert as part of an interview for our Expert Insights series.

“Our focus remains on delivering quality vehicles that consumers want, and supporting them throughout their ownership experience, while remaining profitable.”

Last year, Mitsubishi delivered 74,547 vehicles in Australia, making it the fifth best-selling brand on the market. It was up one spot and over 11,000 sales compared with its 2023 tally, though down slightly on its fourth-place position in 2022 when it delivered close to 77,000 vehicles.

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Mitsubishi sales have ebbed and flowed somewhat over the years. It reached a height of 84,123 deliveries in 1998, but annual deliveries wouldn’t exceed 80,000 units again until 2017. It managed this feat in 2018 and 2019 as well, in the dying days of the popular Lancer.

While Mitsubishi vehicles like the outgoing ASX have often undercut rivals from Japan and Europe, a raft of Chinese brands have entered the Australian market with sharply priced vehicles of their own.

The ASX opens at $24,290 before on-road costs, but the new Chery Tiggo 4 opens at $23,990 drive-away.

Its Outlander, the second best-selling mid-size SUV in Australia, opens at $39,990 before on-roads, which sees it undercut by the Chery Tiggo 8 Pro Max, MG HS, and GWM Haval H6.

Many of these Chinese rivals have also offered significantly discounted pricing as part of runout or EOFY deals.

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