2023 MG 5 pricing and features: Australia's cheapest sedan

MG's petrol sedan has taken its time to reach Australia, but it is now on sale with a headline starting price of $24,990 drive-away

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The 2023 MG 5 has arrived as Australia’s most affordable sedan, priced from $24,990 drive-away.

Snapshot

  • Two-model range with ultra-sharp pricing
  • Cut-price Toyota Corolla, Hyundai i30 and Kia Cerato rival
  • No local plans for electric MG 5 wagon sold in Europe

MG’s small-medium four-door will be offered in two trim levels, each with different equipment levels and drivetrains.

Straddling the small and medium-size segments at just under 4.7 metres, the MG 5 will compete directly with four-door versions of popular small cars, including the Hyundai i30, Toyota Corolla, Kia Cerato and Mazda 3.

UPDATE, August 2023: This story, first published on June 16, has been updated and pulled forward to reflect additional details and local imagery released by MG Australia.

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Starting prices for those models range between $26,000 and $30,320 before on-road costs, emphasising the sharp value of the Chinese-built MG.

It even undercuts the Mazda 2 light sedan, which costs $24,410 before on-road costs, or about $28,200 drive-away in base form.

However, while those vehicles include a more comprehensive suite of active safety equipment, leading to higher prices, the MG 5 is limited to low-speed autonomous emergency braking – a requirement for all newly-introduced vehicles sold in Australia since March 1, 2023.

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MG Australia has continued to rule out the MG 5 all-electric wagon that shares the petrol sedan’s nameplate and is sold in markets including the UK.

The MG range will expand further this month with the arrival of the MG 4 electric hatchback.

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2023 MG 5 pricing

All prices are drive-away.

ModelPricing
Vibe 1.5$24,990
Essence 1.5T$28,990

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2023 MG 5 features

Standard features include 17-inch alloy wheels, faux-leather seats, and a 10-inch touchscreen with Apple CarPlay and Android Auto.

2023 MG 5 Vibe features
16-inch alloy wheelsSingle-zone air conditioning
10-inch infotainment systemRear air vents
Wired Apple CarPlay and Android AutoHeated side mirrors
Four-speaker audio systemKeyless entry and push-button start
Semi-digital instrument clusterRear-view camera
LED headlights and daytime running lampsRear parking sensors
Leather-accented upholsteryManual cruise control
Six-way manual driveru2019s seatFront seatbelt reminder
Four-way manual passenger seatTyre pressure monitoring.

2023 MG 5 Essence features

The Essence adds a 360-degree camera, a retractable sunroof, six rather than four speakers for the audio system, and a steering wheel wrapped in artificial leather.

In addition to Vibe
Turbocharged engineEco drive mode
17-inch alloy wheelsLeather-accented steering wheel
Six-speaker audio system with 3D effectSix-way power-adjustable driveru2019s seat with manual lumbar support
Power-folding side mirrorsu2018Sport-tunedu2019 electronic stability control
Glass sunroof360-degree camera system.u00a0
Front and rear seatbelt reminders

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Colours

Dover whiteRoyal yellow
Diamond red*Misty grey*
Black pearl*Brixton blue*
* Metallic paint, $700

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Engine, drivetrain, and fuel economy

The entry-level MG 5 Vibe features a 1.5-litre four-cylinder engine with outputs of 84kW and 150Nm, powering the front wheels via a CVT auto.

The range-topping MG 5 Essence, priced at $28,990 drive-away, steps up performance with a turbocharged version of the 1.5L engine producing 119kW and 250Nm.

While also a front-drive model, the transmission changes to a seven-speed dual-clutch automatic that characteristically provides faster gearchanges than a CVT or conventional torque converter auto.

Both variants have a torsion-beam rear suspension.

Fuel consumption is rated at 5.7 litres per 100km for the Vibe and 5.9L/100km for the Essence.

2023 MG 5 fuel economy
1.5-litre petrol5.7L/100km
1.5-litre turbo-petrol5.9L/100km

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Safety

The 2023 MG 5 sedan has yet to be tested by ANCAP.

While it is equipped with low-speed autonomous emergency braking, the MG 5 lacks lane-keep assist, lane departure warning, blind-spot and rear cross-traffic alerts, and speed recognition or driver monitoring systems, and the entry-level Vibe is not fitted with rear seatbelt reminders.

ANCAP assesses active safety equipment in its ‘safety assist’ and ‘vulnerable road user’ categories – with minimum scores of 70 per cent required to achieve a five-star rating, or 60 per cent for a four-star rating.

It is fitted with six airbags (front, side and curtain). However, a front-centre airbag to protect the driver and front passenger from clashing heads in a side-impact collision is not fitted, which could impact its ability to score top safety marks.

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Dimensions

Measuring 4675mm long, 1842mm wide and 1480mm tall with a 2680mm wheelbase, the MG 5 is similar in size to a Toyota Corolla sedan, but with a similar width to a one-size-up Camry.

2023 MG 5 boot space

Boot space for the five-seater sedan is quoted at 401 litres.

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Warranty and servicing

As per the wider MG range, the MG 5 is covered by the brand’s seven-year/unlimited-kilometre warranty.

Maintenance details for the MG 5 have yet to be confirmed, but other MG vehicles require servicing every 12 months or 10,000 kilometres, whichever occurs first.

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Availability

The 2023 MG 5 is now available at the brand’s showrooms across Australia.

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Journalist
Jez Spinks

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