MG Im5 vs Peugeot 408

What's the difference?

VS
MG Im5
MG Im5

$60,990 - $77,990

2026 price

Peugeot 408
Peugeot 408

2024 price

Summary

2026 MG Im5
2024 Peugeot 408
Safety Rating

Engine Type
0.0L

Turbo 4, 1.6L
Fuel Type
Electric

Premium Unleaded/Electric
Fuel Efficiency
0.0L/100km (combined)

1.3L/100km (combined)
Seating
5

5
Dislikes
  • Awkward rear seating position
  • No physical spare wheel
  • Some over-zealous active safety

  • Missing features in rear row
  • Expensive compared to rivals
  • Only one grade option
2026 MG Im5 Summary

Yep, it’s like deja vu all over again! Yet another fresh name in the Aussie new-car market, but this time in the form of a sub-brand from a carmaker that itself feels like it’s only been around for five minutes (but has in fact been in market here for a decade or more).

We’re testing the MG IM5 Performance, the IM badge standing alone in other markets. There, as here, signifying a new level of equipment, performance and quality.

And we’ve been steering this top-spec, dual-motor AWD version of the pure-electric, five-door liftback IM5, priced and specified to challenge a rapidly expanding group of high-performance mid-size EV sedans now occupying local showrooms.

 So, read on to see if this premium electric performer has what it takes to tempt you into a new option from the latest challenger brand to jump into the ever-intensifying, no-holds barred contest for your new-car dollars.

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2024 Peugeot 408 Summary

Peugeot has launched a new plug-in hybrid model, the ambitiously design 408 GT. The 408 is carving out a little niche for itself with its body style. Blending a sedan, liftback and an SUV together means you get the benefits of all styles but it also means there are few direct rivals.

The closest are the Citroen C5 X and the Cupra Formentor VZe.

The 408 GT has killer looks and style for days but I'm spending a week with it to see whether this plug-in hybrid is worth a look!

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Deep dive comparison

2026 MG Im5 2024 Peugeot 408

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