All is not lost because it has just released a not quite so hot GT for $6K less.
The special edition is powered by an all-new 165kW version of the 1.6-litre turbocharged petrol engine in the 200kW GTi.
Limited to just 140 examples, the special edition GT has been designed and engineered for those who want more power without compromising overall comfort and practicality.
The new engine develops 165kW of power at 5500 revs and 285Nm of torque from a low 1750 revs and is paired to an all-new eight-speed, full-fluid Aisin automatic transmission — the first application of this tranny in Oz.
The GT sits lower (7mm front and 10mm rear), with stiffer springs and dampers and rides on 18-inch alloys.
Its response to driver inputs has also been sharpened with firmer steering, sharper throttle mapping and sharper gear changes from the new automatic transmission.
New 308 GT is also complemented by exclusive exterior and interior styling as well as other features, including:
Six exterior colours; Hurricane Grey (standard) and optional Magnetic Blue, Pearl White, Ultimate Red, Nera Black and Platinum Grey
Amplified and sportier engine note
Exclusive interior trim and steering wheel
Red instrument illumination in ‘Sport’ mode
Instrument panel displaying read-outs from the car’s ECU including power and torque delivery, turbo boost pressure and both longitudinal and transverse acceleration
Exclusive GT badging
18-inch alloy wheels
Peugeot Australia boss Ben Farlow said the 308 GT offers a vehicle that leverages the Peugeot Sport experience while still maintaining the comfort and practical features of a vehicle that is driven daily.