RACV names the cheapest cars to run in 2023
At Tynan Motors, we've got our eyes on the road, and we're excited to share the latest insights from RACV's annual car running cost survey. If you're looking for a wallet-friendly ride that won't break the bank, you're in for a treat!
RACV has been running the survey for more than 50 years, providing an in-depth look at Australia’s newest and best-selling models.
It captures the overall cost of ownership that factors in 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 motoring products general manager Jeff Ames says the survey came at a perfect time for Australians 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,” Ames says.
“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.”
Note: 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 for 2023
|Monthly running cost
|MG3 Core light 1.5spd Auto Hatch
|Mazda 3 Pure 2.0 6spd Auto Hatch
|Hyundai Venue (Base) 1.6 6sdp Auto FWD Wagon
|Honda CRV Vi 2.0 CVT FWD Wagon
|MG ZS Excite Standard Range RWD Wagon
|Toyota Camry Ascent Hybrid 2.5 Hybrid CVT Sedan
|Light commercial 4×2
|Isuzu D-Max SX Dual Cab 1.9T Diesel 6spd Auto Utility
|Subaru Outback 2.5 Petrol CVT AWD Wagon
|Light commercial 4×4
|GWM Cannon L Dual Cab 2.0T Diesel 8spd Auto Utility
|Hyundai Staria (Base) 3.5 V6 8spd Auto Van
|Mitsubishi Pajero Sport GLX 2.4T Diesel 4WD 8spd Auto Wagon
Our advice? Take a spin through RACV's insights and find the perfect ride that aligns with your budget. And when you're ready to hit the road in your dream car, visit Tynan Motors—we're here to make your automotive dreams a reality.