2024 Genesis GV70 & GV80: Fewer engines, prices up as inflation grips

The midsized Genesis GV70 and large Genesis GV80 SUVs are now $2000 more expensive for the 2024 model year, and buyers have lost a couple of powertrain options.

From the 2024 Genesis GV70 range, Hyundai’s luxury arm has dropped the 2.2-litre diesel option, leaving the 224kW/422Nm 2.5-litre four-cylinder and 279kW/520Nm 3.5-litre turbo six-cylinder turbo petrol engines.

Buyers of the big Genesis GV80 will lose the option of a 2.5-litre turbo petrol engine at the entry end, which means there is also no longer a rear-wheel-drive or five-seat option. This change also means the GV80’s starting price is $105,700 before on-road costs for the – up from the $90,670 of the now deleted 2.5T RWD variant.

3

Forking out the extra $15k at least sees buyers upgraded to a 204kW/588Nm 3.0-litre diesel with all-wheel drive and the choice of six or seven seats. The 3.5-litre turbo petrol engine remains an option, too, priced from $110,200.

Existing orders of the now removed variants will be fulfilled.

According to the brand’s local team, the 2.2 diesel and 2.5 turbo petrol engines were the least popular in the two lines, with the 2.2D making up “less than 5%” of GV70 sales and the 2.5T “around 25% of GV80 sales”.

3

The $2000 bump on remaining models is said to be a result of increased manufacturing and transport costs – a common tale across many industries at the moment, with some even struggling to secure transport at all, and one brand taking out an exclusive lease on a vehicle carrier just to meet market demand.

There are no changes to the equipment list and specification of the MY24 GV70 and GV80 lines. See our earlier pricing stories, and reviews, at the links below.

The Genesis Electrified GV70 remains available, and unaffected by these MY24 price changes.

Year-to-date sales: Medium SUVs over $70,000

Year-to-date sales: Large SUVs over $70,000