2024 Genesis GV80: Base price soars above $100,000

Genesis has detailed a 2024 model year update for its flagship GV80 SUV, which has seen the entry price increase beyond $100,000.

All Genesis GV80 variants with the 2.5-litre turbocharged four-cylinder petrol engine have now been axed locally. A Genesis Australia spokesperson confirmed rear- and all-wheel drive variants with this engine accounted for 25 per cent of GV80 sales.

The BMW X5– and Audi Q7-rivalling SUV is still available with a choice of 3.5-litre V6 turbo-petrol and 3.0-litre inline-six turbo-diesel engines. The latter was recently reported to be getting the axe globally.

The remaining Genesis GV80 line-up has also received a $2030 price rise, which Genesis Australia cites is due to “increased manufacturing and transport costs”.

The 2024 Genesis GV80 range now starts at $105,700 before on-roads with the 3.0-litre inline-six turbo-diesel engine, and $110,200 before on-roads with the 3.5-litre turbocharged V6 petrol engine.

Any GV80 order placed from September 1 onwards will be at this new price. All existing customer orders are secured at pre-update pricing, even if delivery is after September 1.

Beyond this, Genesis Australia has confirmed there haven’t been any specification changes for the GV80.

The $10,500 Luxury Package, which is available on all models adds:

• Reverse parking collision avoidance
• Smart Parking Assist
• Remote Smart Parking Assist
• Nappa quilted leather upholstery
• Suede headliner
• LED matrix headlights
• 12.3-inch digital instrument cluster
• Active noise control
• Remote parking assist
• Tri-zone climate control
• Soft-close doors
• 18-way power front seats with massaging
• Heated steering wheel
• Heated and ventilated second-row seats
• Power-adjustable second-row seats
• Power-adjustable third-row seats (AWD models only)

The $13,500 6-seat Luxury Package includes all of the above, plus:

• Second-row bucket seats
• Dual 9.2-inch second-row touchscreens
• Dual 3.5mm headphone jacks and USB video/audio input
• Rear wireless phone charger
• Fixed second-row console with controls and storage

Matte paint is also a $2000 option and is only available in combination with the Luxury Package.

Until the end of July, Genesis has sold a total of 208 GV80s. It has been outsold by the Audi Q7 (1043 sales), BMW X5 (2105 sales), Land Rover Defender (1956 sales), Mercedes-Benz GLE wagon (1726 sales), and Volvo XC90 (793 sales).

The GV80 range is set to expand soon with a coupe SUV variant, previewed by the GV80 Coupe Concept. Overseas reports also indicate that, along with the demise of the diesel, the GV80 range will gain a new flagship mild-hybrid twin-turbo petrol V6.

MORE: Everything Genesis GV80