How much will the new Mitsubishi Triton cost in Australia?

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We’ve seen the new Mitsubishi Triton and learnt a lot about what’s coming, but what exactly will this eagerly-awaited new generation ute cost?

Prices of the outgoing fifth-generation Triton currently begin at $30,740 before on-road costs for a GLX 4×2 single cab manual, and peak at $57,940 before on-road costs for the flagship GSR 4×4 double cab pickup.

But what will the new 2024 Triton cost?

With an upgraded twin-turbo engine, an entirely new design, enhanced 3500kg towing capacity and a larger footprint, we can definitely expect to see a price increase here in Australia.

The new GSR flagship will likely break into the $60,000 before on-road costs club for the first time, pitching it closer to a mid-range Toyota Hilux or Ford Ranger dual cab 4×4.

Traditionally, one of Triton’s key selling points has been its sharper pricing next to its chief rivals.

New Ranger and Amarok hint at potential pricing

Let’s analyse the Ford Ranger and Volkswagen Amarok pricing history as a point of comparison. This should help us understand how Triton pricing may change with the new model.

The previous-gen T6 Ford Ranger Wildtrak 3.2-litre automatic was priced from $64,590 before on-road costs up to March 2022. This was when the next-gen Ranger was introduced.

The T6.2 Ford Ranger Wildtrak with bi-turbo power launched for $67,190 before on-road costs, or $70,190 with the new turbo-diesel V6.

That’s a rise of four percent for the twin-turbo, or an 8.6 percent jump to the V6.

If we look at the price difference between the old and new XLT grades – $57,690 and $62,290 respectively – it’s an 8 percent increase.

How about the Volkswagen Amarok?

The previous gen Amarok TDI580 Highline was priced at $63,490 before on-road costs. When the new Amarok launched, its successor, the Panamericana grade, was $75,990 before on-roads. That’s a massive 19 percent increase.

Comparing old and new flagship Aventura grades ($73,990 vs $79,990), there was a less dramatic increase of 8 percent.

Predicting the future Mitsubishi Triton price

If we take the average of all price increases listed  – 7.9 percent – and apply it to the current Mitsubishi Triton GSR 4×4 at $57,940, we can predict the new Triton flagship could cost an estimated $62,500 before on-road costs when it goes on sale.

This means the new flagship Triton would price-match the $62,490 Toyota Hilux SR5, but would be much cheaper than a Ford Ranger Wildtrak four-cylinder at $67,990 before on-road costs.

Next to a new Triton GSR, a similar-spec Isuzu D-Max, the LS-U+, is $63,500 plus charges. The D-Max is arguably the Triton’s nearest competitor, with its 2022 4×4 sales just behind the Mitsubishi Triton’s, but both lagged a fair distance behind runaway best-selling HiLux and Ranger.

We’ll update this article when we receive official pricing closer to the new generation’s February 2024 Australian launch.