The 408 is being offered in one grade for the Australian market, the GT model, and it’s priced from $67,990 before on road costs, making it more expensive than its rivals.
The closest rival, the Cupra Formentor VZe PHEV sits at $64,990 MSRP and the Citroen C5 X PHEV slides in as the most affordable at $57,670 MSRP.
However, only being offered in one grade does have its benefits because the GT is highly specified and most people will be satisfied with the long features list.
In terms of luxuries, there is a heated steering wheel, powered front seats with heat and massage functions, with Nappa leather upholstery and synthetic leather trims throughout.
The technology looks gorgeous with a 10-inch touchscreen multimedia system and a 10-inch digital instrument cluster headlining the dashboard. It's rounded out by the wireless Apple CarPlay and Android Auto, built-in satellite navigation, four USB-C ports, two 12-volt sockets and a wireless charging pad.
The key practical features include a powered tailgate, dual-zone air-conditioning, push-button start, keyless entry and the front driver's seat features a two-position memory function.
You can option a panoramic sunroof for an extra $2000, if you want it.
The 408 only comes in five colours, with the Obsession Blue on our test model being the only included colour. The rest are priced at $690 but the Elixir Red jumps up to $1050.