Skip to content
Results Statistics, Transport Automotive

RACV NAMES VICTORIA’S CHEAPEST CARS FOR 2023

RACV 2 mins read
MG3 Core light Hatch

RACV’s Annual Car Running Costs Survey has revealed Victoria’s cheapest car to own and operate is the MG3 Core light Hatch – taking out the top spot for a third year in a row – with monthly costs of $746.01.

The MG3 Core was closely followed by Kia Picanto S at $765.87 per month and Kia Rio S at $868.21.

RACV has been running the survey for more than 50 years, providing an in-depth look at Australia’s newest and best-selling models, capturing the overall cost of ownership that factors in costs such as purchase price, loan repayments, insurance, fuel or electric vehicle charging costs, tyres, servicing and repairs and auto club membership – all averaged out over five years.

RACV General Manager - Motoring Products Jeff Ames said the survey came at a perfect time for Victorians who would be evaluating expenses given cost of living pressures, with price drops in seven car categories.

“People should be pleased to know that the cost of owning and operating a car has dropped across seven categories in 2023 including small and medium cars, medium and large SUVs, people movers and light commercial vehicles,” Mr Ames said.

“The biggest difference is in the medium SUV car category with the Honda CRV Vi 2.0 CVT FWD Wagon taking out the top spot with an average monthly running cost of $1161.36 – which is $83.72 or almost seven per cent less per month in comparison to the car that took out the top spot in the same category in 2022 which cost an average of $1,245.08 per month.

“The beauty of this survey is that it captures the total cost of owning and operating your car – not just the purchase price – so you can get a real sense of how the total cost of car ownership will fit into your household budget.”

Calculations from the survey are based on private vehicle ownership and the average distance travelled by Victorian motorists, which is 15,000 kilometres per year.

Private vehicle average running costs in Victoria for 2023

Segment

Cheapest vehicle

Monthly running cost

Light cars

MG3 Core light 1.5spd Auto Hatch

$746.01

Small cars

Mazda 3 Pure 2.0 6spd Auto Hatch

$915.30

SUV small

Hyundai Venue (Base) 1.6 6sdp Auto FWD Wagon

$926.56

SUV medium

Honda CRV Vi 2.0 CVT FWD Wagon

$1,161.36

Electric

MG ZS Excite Standard Range RWD Wagon

$1,172.76

Medium cars

Toyota Camry Ascent Hybrid 2.5 Hybrid CVT Sedan

$1,120.98

Light commercial 4x2

Isuzu D-Max SX Dual Cab 1.9T Diesel 6spd Auto Utility

$1,364.67

SUV large

Subaru Outback 2.5 Petrol CVT AWD Wagon

$1,387.37

Light commercial 4x4

GWM Cannon L Dual Cab 2.0T Diesel 8spd Auto Utility

$1,372.93

People movers

Hyundai Staria (Base) 3.5 V6 8spd Auto Van

$1553.31

All terrain

Mitsubishi Pajero Sport GLX 2.4T Diesel 4WD 8spd Auto Wagon

$1568.43

-ENDS- 


Contact details:

RACV Media

Phone: 0417 041 398

Email: media@racv.com.au

Media

More from this category

  • Results Statistics
  • 29/05/2024
  • 21:02
The Lottery Corporation

Weekday Windfall Draw no. 4396 results for Wednesday, 29 May 2024

Weekday Windfall draw no. 4396 Draw Date: Wednesday, 29 May 2024 Drawn Numbers Winning Numbers 40 11 29 9 5 7 (drawn order) Supplementary Numbers 17 3 (drawn order) Dividends Dividend Total Winners Total Prizes Payable Division 1 $0.00 0 $0.00 Division 2 $2,936.25 24 $70,470.00 Division 3 $329.50 331 $109,064.50 Division 4 $19.55 15,883 $310,512.65 Division 5 $10.45 42,306 $442,097.70 Division 6 $10.30 72,660 $748,398.00 131,204 $1,680,542.85 Bloc Winners Summary VIC/TAS QLD NSW/ACT WA SA NT Division 1 0 0 0 0 0 0 Division 2 3 8 5 4 4 0 Division 3 76 88 103 34 30…

  • Contains:
  • Results Statistics
  • 29/05/2024
  • 20:19
The Lottery Corporation

Weekday Windfall Wednesday draw no. 4396, Lotto Strike draw no. 5445

Official Results Weekday Windfall Wednesday draw no. 4396 Draw Date: Wednesday, 29 May 2024 Drawn Numbers Winning Numbers (drawn order)[40] [11] [29] [9] [5] [7] Supplementary Numbers (drawn order)[17] [3] Division One Guaranteed Prize Offer (for up to 6 winners) $1,000,000.00 Total Prize Pool (Divisions 2 - 6) $1,677,859.61 Lotto Strike draw no. 5445 Drawn Numbers Winning Numbers (drawn order)[40] [11] [29] [9] Division One Prize Pool $126,426.06

  • Contains:
  • Results Statistics
  • 29/05/2024
  • 07:42
The Lottery Corporation Ltd

OZ Lotto Draw no. 1580

Official Results OZ Lotto Draw no. 1580 Draw Date: Tuesday, 28 May 2024 Drawn Numbers Winning Numbers 10 15 29 31 42 5 13 (drawn order) Supplementary Numbers 17 40 39 (drawn order) Dividends Dividend Total Winners Total Prizes Payable Division 1 $13,333,333.34 3 $40,000,000.02 Division 2 $41,674.55 13 $541,769.15 Division 3 $3,811.15 168 $640,273.20 Division 4 $348.80 1,412 $492,505.60 Division 5 $49.00 8,038 $393,862.00 Division 6 $24.85 196,192 $4,875,371.20 Division 7 $16.25 481,885 $7,830,631.25 687,711 $54,774,412.42 Winning State(s) / Suburb(s): NSW 3 / Lithgow, Internet, Other Online

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.