Huge price cuts up to $25,000 on new cars: Peugeot 508 plug-in hybrid, Citroen C5 X, C5 Aircross, Peugeot 3008 all have prices slashed in July

Peugeot and Citroen have announced huge price cuts on select models until July 31, 2024.

Discounts include more than $25,000 off old stock of the Peugeot 508 plug-in hybrid sedan, $17,000 cut from the Citroen C5 X’s price, $15,000 for the C5 Aircross Sport and even up to $14,000 cut from MY24 Peugeot 3008s.

These latest offers follow a massive $20,000 price cut on Peugeot's e-2008 electric car which cleared remaining stock within days – not weeks or months – ahead of the facelift’s introduction.

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The 508 can be had for $57,990 drive-away instead of the $76,990 before on-road costs price at release in 2022.

The same car today with an unchanged 165kW PHEV that provides 55km of electric-only driving range lists at $81,610. Peugeot only has MY22 508 liftbacks on offer and none of the wagons.

Peugeot sold 130 508s in 2022, 156 in 2023 and has registered 37 so far this year. The facelift is expected to arrive this year.

Citroen’s quirky C5 X Shine’s price has been slashed down to $45,990 drive-away, roughly a $17,000 saving over its $57,670 list price. It uses the same powertrain as petrol 508s, a 1.6-litre turbo-petrol with 133kW and 250Nm.

In 2022 61 C5 X examples were registered, climbing to 68 in 2023 and sitting at 26 so far this year. A plug-in hybrid MY24 model is available via special order only.

Citroen C5 Aircross

It is strange that Peugeot and Citroen have such dated floor stock in the country when companies like Toyota and Mazda are only just catching up with post-COVID demand. CarsGuide has contacted Peugeot Citroen Australia for comment.

Citroen's more conventional mid-size SUV to rival the Toyota RAV4, the C5 Aircross, is on sale as well. MY23 examples are available from $44,990 drive-away, about a $15,000 saving on its $55,990 before on-road costs list price.

Peugeot’s take on the same underpinnings is the 3008. It comes in three variants (unlike the sole-trim models above) with varying savings – in this case, they’re all on new MY24 models.

The entry-level Allure can be had from $46,990 drive-away, that’s down about $7700 but it includes the $5990 Luxury pack (with Nappa leather, sunroof and more) for that price, bringing total savings to nearly $14,000.

Citroen C5 X

Other trims, including the GT ($50,990) and flagship GT Sport ($62,990, both drive-away), have more modest discounts of around $6000. The 3008 GT plug-in hybrid remains priced at full whack: $82,915 before on-road costs.

Various discounts on vans – including more than $15,000 off the pre-facelift e-Partner electric van – are available.

Even one of Peugeot’s freshest models, the 308 GT hatch, can be had for less than list with a circa $1000 saving thanks to a $46,990 drive-away price.