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In a 12 months when the typical new automobile sells for over $48,000, there’s an plain appeal to a automobile you should purchase three of for that worth. However essentially the most reasonably priced vehicles are additionally essentially 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 should not their most worthwhile merchandise.
Therefore, the competitors to construct the least costly new automobile 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 nicely.
That leaves the title simply barely within the arms 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. However 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 stage sensor alert.
We’re nonetheless awaiting an replace on the opposite subcompact automobile which may make it into 2023, the Nissan Versa.
Kia additionally fees $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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