Pricing figures for Japan have given another indication of how much the much-anticipated Toyota GR Corolla hot hatch could cost in Australia when it arrives early next year.
That 2023 Toyota GR Corolla could cost between $65,000 and $90,000 when it comes to Australia in limited numbers early next year based on the latest price estimates for the Japanese market.
According to Japanese website creative trend – To be confirmed by Toyota – the price of the GR Corolla will start at 5,250,000 yen in standard ‘RZ’ form in Japan or 7,150,000 yen for the two-seat Morizo edition when orders are placed there today via an online lottery be opened.
These prices are equivalent to AU$57,000 and AU$77,600 based on a currency conversion using today’s exchange rates.
However, compared to Japanese and Australian benchmark prices for other Toyota GR vehicles – taking into account shipping, local vehicle certification and other costs – the base variant of the Toyota GR Corolla is equivalent to approximately AU65,000 before road costs.
If the luxury car tax is applied to the price of the lightweight, two-seat Morizo Edition – as it would be above the $71,849 threshold for LCT – the flagship model could cost as much as $95,000 plus road costs in Australia.
Japanese pricing is broadly similar to that of the US, where the Toyota GR Corolla Circuit Edition variant – outfitted similarly to Japan’s RZ – retails for US$43,995 (AU$65,500, via a currency conversion), and the Morizo Edition is priced at US$43,995 US$50,995 (AU$75,900 converted).
For comparison, the Toyota GR Corolla RZ and Circuit Edition variants are priced similarly to a 2.0-litre GR Supra in Japan and the US, while the GR Corolla Morizo is cheaper than a 3.0-litre GR -Supra – indicating Australian prices around $65,000 and $95,000 respectively.
Meanwhile, the smaller Toyota GR Yaris Hot Hatch in Japan starts at 3,960,000 yen in “RZ” trim or 4,560,000 yen in “RZ High Performance” trim – or AU$43,000 and AU$49,500 respectively.
The same cars in Australia – branded as the GR Yaris and GR Yaris Rally – cost $49,500 and $54,500 plus road costs, respectively.
Toyota Australia is yet to confirm pricing and model lines for the GR Corolla ahead of its launch next year – and it’s unclear if there will be two models like in Japan, or if it will also offer a “base model” like the GR Corolla core in the USA.
So far, Toyota Australia has confirmed showroom arrivals to begin between January and March 2023 – and only 500 examples will be available in the first 12 months, which translates to two cars per dealer.
The Toyota GR Corolla has similar restrictions in Japan – 500 GR Corolla RZs and 70 Morizo editions in the first batch – while the US is allocated 6,600 examples for the 2023 model year as the North American new car market is 15 times larger than Australia.
Despite the initially limited number of vehicles, Toyota Australia forecasts that over time the GR Corolla will outsell the GR Yaris – of which around 2,300 were sold between November 2021 and June 2022, in addition to a further 160 that became available last month became.
Toyota Australia has hinted that at least two variants of the GR Corolla could be on the way: a standard five-seat model on Yokohama tires and the two-seat Morizo edition, which runs on Michelin high-performance tires and gains additional routes. oriented extensions.
This would be a similar strategy to the Toyota GR Yaris, offered locally in a standard form on Dunlop tires, and the pricier Rallye edition with sticky Michelin tires and limited-slip differentials.
Australia’s standard GR Corolla could match Japan’s, which comes with 18-inch forged alloy wheels, Yokohama Advan Apex tires, a vented bonnet, forged carbon fiber roof, red brake calipers and Torsen front and rear limited-slip differentials.
The Circuit Edition for the US market – the middle of its range, above the base core – also scores points with a taller rear spoiler, but lacks the RZ’s forged wheels for the Japanese market (featuring 18-inch black non-forged alloys).
Standard features of the Australian GR Corolla confirmed by Toyota so far include “large 18-inch black alloy wheels”, Yokohama tires, an 8.0-inch touchscreen, wireless Apple CarPlay, wired Android Auto and satellite navigation.
It also has a 12.3-inch digital instrument cluster, head-up display, wireless phone charger, heated front seats, heated leather steering wheel, dual-zone automatic climate control, keyless entry and start, “illuminated entry” and full Confirms set of advanced security features.
As reported, the overseas Morizo edition removes the rear seats and adds wider Michelin Pilot Sport Cup 2 track tires (with 18″ forged wheels where applicable), revised gear ratios and suspension, an additional 30Nm (for a total of 220kW / 400 nm). ), suede-trimmed front bucket seats, and more.
Toyota Australia Sales and Marketing Director Sean Hanley told Australian media in September: “Pricing for Australia has not yet been finalised, it will first go on sale [early] next year.
“Any speculation about pricing in the meantime is just that, it is speculation. We have not set any price position at all. We won’t do that until we’re closer to the start.”
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