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In a 12 months when the common new automotive sells for over $48,000, there’s an simple appeal to a automotive you should purchase three of for that worth. However probably the most reasonably priced vehicles are additionally probably the most endangered.
When automakers are low on microchips wanted to construct their merchandise, they use the chips they will get to supply their most worthwhile merchandise. Cheap subcompact sedans will not be their most worthwhile merchandise.
Therefore, the competitors to construct the least costly new automotive is shrinking. Chevrolet earlier this 12 months put the final champ — the 2022 Chevy Spark — out to pasture. Hyundai walked away from its subcompact Accent for 2023 as properly.
That leaves the title simply barely within the fingers of the little 2023 Mitsubishi Mirage, with its $16,245 sticker (plus $995 vacation spot and dealing with).
The 2023 Kia Rio gained’t fairly give it a run for that little cash. Nevertheless it’s shut.
Kia’s subcompact begins at $16,450 for the 2023 mannequin 12 months. It prices a bit of greater than the Mitsubishi to ship — simply $60 extra. Each get successfully the identical guarantee with 5 years or 60,000 miles bumper-to-bumper and 10 years/100,000 miles on the powertrain.
Updates for 2023? Ha ha. In its press launch touting the Rio, Kia says it’s “largely a carryover,” with precisely one documented replace — a brand new oil degree sensor alert.
We’re nonetheless awaiting an replace on the opposite subcompact automotive which may make it into 2023, the Nissan Versa.
Kia additionally costs $1,055 to ship the Rio.
Trim | MSRP |
LX 4-Door Sedan | $16,450 |
S 4-Door Sedan | $17,090 |
S 5-Door | $17,390 |
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