The Golf's dominance in the segment will give it three times that many sales.
Priced from $30,990, the 308 will have three trim levels in New Zealand - Access, Active and Allure - and is available in hatch (petrol and diesel) and a petrol station wagon (SW).
The engine sizes available now are a 1.2-litre three-cylinder (96kW/230Nm) petrol, and 2-litre turbodiesel.
A 1.6-litre petrol (110kW/240Nm) will be available from January.
Peugeot has upgraded the transmission from the lacklustre four-speed auto to an impressive six-speed.
The exterior has also had a workover, with a floating front grille, a dominant bonnet, daytime running lights and the lion "scratch" rear lights.
Peugeot 308
The interior has a simple, clean look and the Active and Allure have touchscreen.
On the road the chassis is a star performer, holding up under rough Waikato back roads.
And Peugeot NZ will be hoping that the car does gain new buyers who were looking at the Golf.