MG to increase prices by up to $2000

Chinese car brand MG will increase prices on half its model range from today – including vehicles already in dealer stock.

And, in a second round of price rises, MG will increase the drive-away cost of certain models by between $1000 and $2000 from April 2022 once fresh stock arrives.

A number of 2021-built MG models already been distributed across the dealer network will go up in price by between $500 and $1000 from today.

Once these models clear and 2022-built stock arrives from April 2022 onwards, prices will rise by between $1000 and $2000, the company has announced.

It means the price of MG’s cheapest model – and Australia’s top-selling city hatch – the MG 3 Core (pictured below) will go up from $17,990 to $18,490 drive-away.

Three years ago, the MG 3 Core was $15,990 drive-away, increased to $16,490 drive-away in April 2020, stepped up to $17,190 drive-away in September 2020, then was $16,690 drive-away from September 2020 through to the end of February 2021, before stepping up to $16,990 drive-away in March 2021 and $17,490 drive-away from April to June 2021.

In July 2021, the MG 3 Core climbed to $17,990 drive-away. From today, it is $18,490 drive-away – $2500 dearer than its starting point in 2019, an increase of 15 per cent over three years.

The MG 3 with navigation is now $18,990 drive-away – an increase of $500 compared to its most recent drive-away offer, and $1500 more than its price throughout much of the previous 18 months.

A statement from MG Australia said: “In the face of unprecedented cost increases in raw materials and transport logistics in 2021, MG Motor will revise its national drive-away pricing from February 1, 2022.”

The company added: “Adjustments of between $500 and $1000 will be made to a number of 2021-built vehicles, while 2022-built vehicles will be adjusted by between $1000 and $2000. The 2022-built stock will arrive from April 2022.”

While price rises apply to eight of MG's 16 models, the MG ZS EV – Australia’s cheapest electric car (available in mass numbers) – remains $44,990 drive-away.

However, the larger MG HS Plus EV Essence plug-in hybrid has gone up in price by $1000, from $47,990 to $48,990 drive-away.

The complete list of the most recent price rises for the 2022 MG range in Australia are listed below.