News - General News
Vehicle ownership costs drop
Cheap and cheerful: For the second year in a row, a Suzuki is the cheapest car in Australia to run at $97.65 a week, an RACV study has found.
Lower petrol prices, interest rates keep ownership costs down, says RACV
23 June 2015
THE cost of owning a car has dropped in the past year on the back of lower fuel
prices and record-low interest rates, according to the Royal Automobile Club of
Victoria's (RACV) latest
cost-of-ownership survey, released this week.
In publishing the latest data from its annual Driving Your Dollars survey, the
RACV said the overall average cost of owning a car was slightly down on last
year, to $211.25 a week or 73.2 cents a kilometre.
In determining the cost of ownership, the RACV said it factored in the on-road
price of the model, depreciation, interest rates and other standing costs, as
well as running costs such as servicing, tyres and fuels.
Other state and territory-based car clubs, including the RAA in South Australia
and the RACQ in Queensland, have published their own findings from the study,
with varying factors such as on-road and other costs in each respective state
Of the 111 vehicles across 13 different segments included in the survey,
Suzuki's tiny 1.0-litre Celerio hatch was recognised as Australia's cheapest
car to run, taking out the micro-car category with a total cost of $97.65 a
The Celerio went on sale in Australia in February this year, priced from
$12,990 driveaway, following a delayed launch due to an issue with the passive
safety system that kept the brake pedal depressed after an emergency stop.
The fault was discovered by British publication Autocar during an
emergency braking test, but a fix was arranged at Suzuki's Thailand production
facility. Vehicles already on the ground in Australia were retro-fitted before
going on sale.
The model that the Celerio replaced – the Alto – was recognised as the cheapest
car to run in last year's survey, with an average weekly cost of $115.58,
nearly $18 more than the Celerio costs this year.
The Celerio also edged out the 2013 champion, Mitsubishi's Mirage ES, which
costs $114.61 a week to run, an increase of nearly $2 on last year.
Suzuki's reputation for cheap and cheerful motoring got a further boost with
the Swift GL leading the light-car brigade as the cheapest to run, with a total
cost per week of $128.85, undercutting the Honda Jazz VTi on $136.09.
Toyota's Corolla Ascent 1.8-litre hatch was the highest ranked small car with a
cost of $151.61 per week, ahead of the 2.0-litre Mitsubishi Lancer ES Sport
($154.92) and the Volkswagen Golf 1.4-litre 90TSI ($158.03).
In mid-size passenger cars, Skoda's Octavia 1.4-litre 103TSI offers the lowest
running costs at $171,91 a week, ahead of the Australian-built Toyota Camry
Atara S Hybrid ($173.93), while the 3.0-litre petrol-powered Holden Commodore
Evoke was the cheapest large car at $219.25, followed by the 3.6-litre
LPG-powered Evoke on $221.03.
At $213.74, Honda's 2.4-litre Odyssey VTi had the lowest running cost of any
people-mover, followed by Hyundai's 2.4-litre petrol iMax on $228.72.
Environmentally friendly cars proved to be some of the costlier options on the
market to run, with Mitsubishi's Outlander PHEV plug-in the cheapest in its
category at $245.75 a week ahead of the all-electric Nissan Leaf ($252.75) and
the BMW i3 ($288.62).
The recently launched Mazda CX-3, in two-wheel drive 2.0-litre petrol Neo
Safety guise was the cheapest SUV to run in Australia, costing $165.42, and its
larger all-wheel drive CX-5 Maxx petrol sibling topped the mid-size SUV
category on $192.
Holden's AWD petrol Captiva 7 costs $231.68 a week, making it the cheapest of
the large-size family SUVs, edging out fellow Korean-built contender, the
Hyundai Santa Fe Active AWD diesel, on $231.81.
Larger all-terrain SUVs were the most expensive vehicles to run, with the
Toyota Prado GXL 3.0-litre diesel offering the best value at $279.67, but once
again weighing in as the priciest of all models on the list at $443.60 per week
was the Nissan Patrol 5.6-litre V8 4x4 ST-L.
The Patrol's weekly cost has increased from $408.02 last year and $397.84 in
Ford's Aussie-built 4.0-litre Falcon ute was the cheapest 2WD utility to run on
$205.47 per week, and Mitsubishi's GLX dual-cab diesel Triton topped the 4x4
ute category with a weekly spend of $229.45.