New electric MG SUV retains value lead, but rivals close price gap

Front side view of the MG S5, compact SUV — The MG S5’s starting price of £28,495 ($36,900) is much closer to that of key full-electric competitors such as the Skoda Elroq and Kia EV3, but the Chinese model remains the most affordable electric compact SUV in the U.K. (NICK GIBBS/AUTOMOTIVE NEWS EUROPE)

April 16, 2025 04:00 AM

MG has been used to a big price advantage for its electric models, but that won’t be the case with its new S5 compact SUV as rivals from Kia and Skoda close the gap with the Chinese automaker.

Featured Stories

Top 100 dealership groups grow used-vehicle sales by game-planning, adding stores

Tariffs dent global auto production outlook, new analysis finds

Here’s our list of the 2025 top 100 dealership groups in used-vehicle sales

Nissan tells dealers no price hikes until June amid tariff ‘storm’

Latest News

Tariffs dent global auto production outlook, new analysis finds

Nissan sues N.J. dealership for more than $3.4 million, permission to repossess unsold vehicles

U.K. AI startup Wayve makes Japan debut after Nissan partnership

Mercedes reveals Vision V electric van concept at Shanghai auto show

Staying current is easy with newsletters delivered straight to your inbox.

See More in EV

Siemens targets battery breakthroughs in $150M bet on Canadian ecosystem

GM, Honda lead February EV gain with fresh U.S. models as Tesla, Rivian slip

Chevrolet EV sales momentum building despite federal policy uncertainty

New electric MG SUV retains value lead, but rivals close price gap

Staying current is easy with newsletters delivered straight to your inbox.