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by Brett Davis

Peugeot has been spotted testing the new Peugeot 4008 compact SUV out on public streets. The PSA project will be based on the Mitsubishi ASX platform and is expected to be called the Peugeot 4008. Citroen’s version is yet to be named.

These are the first spy shots of the new Peugeot 4008, and although the prototype is wearing loads of disguise and black covering, the overall size and proportions can be interpreted comparatively to the Mitsubishi ASX.

PSA Peugeot-Citroen is getting very excited about the small-to-medium SUV segment and expects the market to grow by about 60 per cent over the next two years. To cater for this predicted rise, PSA is looking to introduce more SUVs into its lineup, a process which was first kicked off by the Peugeot 4007 – based on the Mitsubishi Outlander – in 2007.

As our previous Peugeot 4008 report outlined, the Australian Peugeot 4008 will be powered, at least initially, by a 2.0-litre petrol engine producing 110kW of power and 197Nm of torque. A Mitsubishi 1.8-litre is also on the cards, as is a 1.6-litre HDI diesel.

Variants will come in front-wheel drive 2WD form and all-wheel drive 4WD form and be available with a six-speed manual or a CVT transmission.

The new Peugeot 4008 is expected to be unveiled in full at the 2011 Frankfurt Motor Show on September 13, and will likely hit European showrooms in March 2012. Prices will likely kick off below the $30,000 mark but above the Mitsubishi ASX price (around $25,000).

We’ll keep you updated with more concrete upon its debut.