2023 MG 5 price and specs: Australia’s cheapest sedan available to order now

2023 MG 5 pricing and specificationsSmall sedan to launch in two variants, Vibe and EssenceTurbocharged and non-turbo petrol engines on offerPriced from $24,990 drive-away

The 2024 MG 5 small sedan from China is due in Australian showrooms next month – with orders open now – as a rival to the Toyota Corolla and Hyundai i30.

Revealed more than two years ago in late 2020, the MG 5 is the company’s first model to take on the top-selling small-car segment – led by the Corolla and i30 – since the MG 6 was dropped in 2017.

There are two model grades, the MG 5 Vibe priced from $24,990 drive-away, and the MG 5 Essence priced from $28,990 drive-away nationwide – making both Australia’s cheapest sedans, undercutting the Mazda 2 (from $27,697 drive-away).

MG has shared few details regarding the MG 5’s standard equipment, though known features on the Vibe variant include a 10-inch centre touchscreen (with Apple CarPlay and Android Auto), a semi-digital instrument cluster, four-speaker sound system, synthetic leather seats and 17-inch wheels.

There are six airbags (dual frontal, front-side, head-protecting side curtain) as standard. Details of advanced safety features on board are yet to be confirmed.

Stepping up to the MG 5 Essence adds a six-speaker sound system, 360-degree camera, a synthetic leather-upholstered steering wheel and a sunroof.

Six colours are available on each variant – Dover White, Royal Yellow, Diamond Red, Misty Grey, Black Pearl, and Brixton Blue.

Both grades claim 401 litres of boot space with the back seats up – smaller than its closest sedan competitors such as the Hyundai i30 (474L), Kia Cerato (502L) and Toyota Corolla (470L), as well as the one-size-smaller Mazda 2 (440L).

The biggest difference between the MG 5’s two variants is the engine on offer.

The MG 5 Vibe is powered by a non-turbocharged 1.5-litre four-cylinder petrol engine, producing 84kW and 150Nm – driving the front wheels through a continuously-variable automatic transmission (CVT).

The MG 5 Essence upgrades to a turbocharged 1.5-litre four-cylinder petrol engine, increasing its outputs to 119kW and 250Nm, delivered to the front wheels via a seven-speed dual-clutch automatic transmission.

MG claims the Vibe returns fuel consumption in mixed (urban and highway) driving of 5.7 litres per 100km, while the Essence is claimed to drink slightly more, at a quoted 5.9L/100km.

As with the rest of MG’s petrol-powered model range in Australia, the MG 5 is covered by a seven-year/unlimited-kilometre warranty.

Order books for the 2023 MG 5 are now open, with the first showroom arrivals due before the end of July 2023.

2023 MG 5 Australian pricing

MG 5 Vibe – $24,990MG 5 Essence – $28,990

Note: All prices above are drive-away.

2023 MG 5 Vibe standard features:

1.5-litre petrol engineContinuously variable transmission (CVT)17-inch wheels10-inch centre touchscreenApple CarPlay and Android AutoSemi-digital instrument clusterFour-speaker sound systemSynthetic leather-look seat upholstery

2024 MG 5 Essence adds (over Vibe):

Six-speaker sound systemSynthetic leather-look steering wheel trimSunroof360-degree camera

Available colours:

Dover WhiteRoyal YellowDiamond RedMisty GreyBlack PearlBrixton Blue

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