MG3 Remains Australia’s Cheapest & Highest Selling Small Car
Australia is one of the few key right hand drive (RHD) markets of the world. Bear in mind more than 75% of the world drives LHD (left hand drive) cars whereas the rest including us drives RHD cars.
Like most of the global car markets however, sales of small cars in Australia has declined in recent years in presence of higher-riding small crossover SUVs. According to the data, the light vehicle segment accounted for 12.4% of the overall new car market nearly a decade ago. However this market share figure declined to 7.7% in 2017, and this year the figure has fallen to just 5.4%.
But equally interesting are the changing faces of the top-sellers in Australian market. A decade ago the top-sellers were the Toyota Yaris, Mazda 2, Hyundai i20, Holden Barina and Suzuki Swift. Five years ago they were the Hyundai Accent, Mazda 2, Yaris, Honda Jazz and Kia Rio. But in 2022 so far, the dominant players are China-made MG3 which accounts for 40% market share with 6,131 sales, followed by Suzuki Baleno which holds 18% share with 2,712 sales.
Models such as the Yaris and Mazda 2 have become pricier with the addition of more driver-assist features, while staples such as the Hyundai i20 and Accent, Holden Barina, Honda Jazz, and Ford Fiesta have either been retired or relegated to niche, hot-hatch-only status. The MG3 has become a sales superstar both in the private and rental markets, having topped the charts in 2020 and 2021 as well. This is the third consecutive year for the MG3 to hold the title of Australia’s favorite & bestselling small car. Although its aging and lacks a 5-star ANCAP rating, but it’s reliable, cheap and has a long warranty.