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2016 Mazda MX-5 priced from $31,990

The all-new Mazda MX-5 will cost from $31,990 plus on-road costs when it goes on sale in August.

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The pricing makes Mazda’s fourth-generation ‘ND’ roadster more than $15,000 cheaper than its predecessor, which was priced from $47,280.

It also makes the 2016 Mazda MX-5 just $2000 more expensive than the original MX-5 that launched in Australia 26 years ago.

The pricing applies to the entry-level MX-5 Roadster, which will be powered by a 96kW/150Nm 1.5-litre four-cylinder petrol engine and paired with a six-speed manual transmission.

The 1.5-litre engine will also be available with a six-speed automatic transmission (likely adding about $2000 to the price) as well as in high-grade Roadster GT specification.

A more powerful 116kW/200Nm 2.0-litre four-cylinder petrol engine will become available in the new Mazda MX-5 range later in the year.

Full pricing and specification details are expected to be announced closer to the car’s local launch.

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Mazda Australia managing director Martin Benders said the impending release of the fourth-generation MX-5 is “in many ways the rebirth of an icon”.

“For those that know, love or own an MX-5, the arrival of an all-new model is always cause for excitement,” Benders said.

“We believe that the sharp entry pricing for the new ND will inspire a new generation of younger MX-5 buyers to experience the freedom and enjoyment of open-top motoring.”

The new Mazda MX-5 weighs as little as 1009kg, making it 91kg lighter than its predecessor, and only 59kg heavier than the original NA-generation roadster.

Mazda Australia has taken more than 16,000 registrations of interest for the new MX-5 as part of a long-running promotional campaign.

Mazda released photos of the first MX-5s destined for our market rolling down the production line last week, confirming everything is on track for the vehicles to arrive in local showrooms by the middle of August.