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These Top 10 Cheapest New Cars in the USA

If you’re in the market to buy, I’d also recommend pricing out the same models for the prior model year for a comparison. With dealers wanting to get rid of last year’s inventory and shift focus to the 2019 models, there is the potential to find a good deal on previous model years.

We’re now solidly within a period of disappointing new market entrants in the economical compact and subcompact car segments, with gas prices being as low as they are. With prices staying within the $2 – $2.50 per gallon range for quite a while now, and no sustained increases in price in sight, manufacturers are moving away from adding small, fuel-efficient vehicles to their lineups because of their low-profit margins and consumer purchasing behaviors. Fuel efficiency is gravitating more and more to electric-drive vehicles and not smaller cars. I’ll be exploring this further in my upcoming ranking of the most fuel-efficient cars of 2019.

10. Fiat 500

  • 2019 Fiat 500Base Automatic Transmission model: Fiat 500 Pop, 2-door hatchback
  • MSRP: $15,990
  • Factory Invoice Price: $18,535
  • Engine Specs: 1.4L, 6-speed Auto Transmission, 16-valve, 4 cylinder, 135 HP
  • City MPG: 24
  • Highway MPG: 32
  • Annual Fuel Cost: $1,700
  • Powertrain Warranty: 4 years, 50,000 miles
  • Limited Basic Warranty: 4 years, 50,000 miles
  • Overview: Still waiting on release notes for 2019, but one big change is the switch from a 101 HP engine to a 135 HP turbo. Along with that, appears to be a significant price jump – the prior base model came in at just $15,990.

9. Honda Fit

  • 2019 Honda FitBase Automatic Transmission model: Honda Fit LX, 4-Door Hatchback
  • MSRP: $17,885
  • Factory Invoice Price: $17,434
  • Engine Specs: 1.5L, Continuously Variable Auto Transmission (CVT), 16-valve, 4 cylinder, 128 HP
  • City MPG: 33
  • Highway MPG: 40
  • Annual Fuel Cost: $1,000
  • Powertrain Warranty: 5 years, 60,000 miles
  • Limited Basic Warranty: 3 years, 36,000 miles
  • Overview: Last year’s redesigned model with extended cargo space and new performance improvements was an Editor’s Choice award winner. The 2019 Fit only increased $5 in price. It is difficult to beat the Fit’s combination of of style, fuel-efficiency, utility, and resale value.

8. Chevy Sonic

  • 2019 Chevy SonicBase Automatic Transmission model: Chevy Sonic LS, 4-Door Sedan
  • MSRP: $17,595
  • Factory Invoice Price: $16,960
  • Engine Specs: 1.4L, 6-speed Auto, 16-valve, 4 cylinder, 138 HP
  • City MPG: 26
  • Highway MPG: 34
  • Annual Fuel Cost: $1,250
  • Powertrain Warranty: 5 years, 60,000 miles
  • Limited Basic Warranty: 3 years, 36,000 miles
  • Overview: The 1 big change for 2019 is that the sonic went from a limited production 1.4L turbo engine (majority of Sonics were a 1.8L) to the base model now becoming a 1.4L Turbo. Despite the smaller engine, the Sonic is still rather inefficient compared to the other models on this list.

7. Toyota Yaris

  • 2019 Toyota YarisBase Automatic Transmission model: Toyota Yaris L, 3-Door Hatchback
  • MSRP: $17,470
  • Factory Invoice Price: $16,809
  • Engine Specs: 1.5L, 4-Speed Auto Transmission, 16-valve, 4 cylinder, 106 HP
  • City MPG: 32
  • Highway MPG: 40
  • Annual Fuel Cost: $1,000
  • Powertrain Warranty: 5 years, 60,000 miles
  • Limited Basic Warranty: 3 years, 36,000 miles
  • Overview: The 2019 Yaris has 1 rather big update. Last year’s model was a 2-door hatchback, while this year’s base model is now a 4-door sedan. The Toyota Yaris, similar to the Ford Fiesta, is really a re-packaged Mazda 2 (which is no longer sold in the U.S., ironically). There are fuel-efficiency improvements in 2019 over last year’s model.

6. Hyundai Accent

  • 2019 Hyundai AccentBase Automatic Transmission model: Hyundai Accent SE, 4-Door Sedan
  • MSRP: $16,880
  • Factory Invoice Price: $16,486
  • Engine Specs: 1.6L, 6-speed Auto Transmission, 16-valve, 4 cylinder, 130 HP
  • City MPG: 28
  • Highway MPG: 38
  • Annual Fuel Cost: $1,100
  • Powertrain Warranty: 10 years, 100,000 miles for the original owner, 5 years/60,000 for subsequent owners
  • Limited Basic Warranty: 5 years, 60,000 miles
  • Overview: Last year was a new redesign. This year, the only difference is a slightly higher price.

5. Ford Fiesta

  • 2019 Ford FiestaBase Automatic Transmission model: Ford Fiesta S Sedan, 4-Door
  • MSRP: $16,330
  • Factory Invoice Price: $15,962
  • Engine Specs: 1.6L, 6-speed Auto Transmission, 16-valve, 4 cylinder, 120 HP
  • City MPG: 27
  • Highway MPG: 37
  • Annual Fuel Cost: $1,150
  • Powertrain Warranty: 5 years, 60,000 miles
  • Limited Basic Warranty: 3 years, 36,000 miles
  • Overview: Sadly, after a nice little re-birth in the last decade, the Fiesta will be getting axed out of Ford’s lineup by 2020. No improvements or changes in 2019, and none likely before the car gets shelved.

4. Kia Rio

  • 2019 Kia RioBase Automatic Transmission model: Kia Rio LX, 4-Door Sedan
  • MSRP: $16,195
  • Factory Invoice Price: $15,744
  • Engine Specs: 1.6L, 6-speed Auto Transmission, 16-valve, 4 cylinder, 130 HP
  • City MPG: 28
  • Highway MPG: 37
  • Annual Fuel Cost: $1,100
  • Powertrain Warranty: 10 years, 100,000 miles for the original owner, 5 years/60,000 for subsequent owners
  • Limited Basic Warranty: 5 years, 60,000 miles
  • Overview: Last year’s model was a redesign with more head and legroom and a cheaper price. This year’s model is the same, with a slightly higher price.

3. Mitsubishi Mirage

  • 2019 Mitsubishi MirageBase Automatic Transmission model: Mitsubishi Mirage ES, 4-Door Hatchback
  • MSRP: $15,585
  • Factory Invoice Price: $15,141
  • Engine Specs: 1.2L, Continuously Variable Auto Transmission (CVT), 12 valve, 3 cylinder, 78 HP
  • City MPG: 36
  • Highway MPG: 43
  • Annual Fuel Cost: $950
  • Powertrain Warranty: 10 years or 100,000 miles for original owners, 5 years/60,000 for subsequent owners
  • Limited Basic Warranty: 5 years or 60,000 miles
  • Overview: Newly redesigned model last year, with no updates for 2019. The Mirage is the only 3 cylinder engine vehicle on this list – which means it leads in fuel economy. The Mirage has the best warranty of any manufacturer on this list. Really strong value.

2. Nissan Versa

  • 2019 Nissan VersaBase Automatic Transmission model: Nissan Versa Sedan S+, 4 Door
  • MSRP: $15,890
  • Factory Invoice Price: $15,037
  • Engine Specs: 1.6L, CVT Transmission, 16-valve, 4 cylinder, 109 HP
  • City MPG: 31
  • Highway MPG: 39
  • Annual Fuel Cost: $1,050
  • Powertrain Warranty: 5 years or 60,000 miles
  • Limited Basic Warranty: 3 years or 36,000 miles
  • Overview: No changes for 2019 other than an inexplicably large $755 MSRP increase over 2019, despite the factory invoice price declining by $130. Last year’s model made the switch from a 4-speed to a CVT transmission in the base model that improved the fuel efficiency by 5 MPG city and 4 MPG highway.

1. Chevy Spark

  • 2019 Chevy SparkBase Automatic Transmission model: Chevy Spark LS, 4-Door Hatchback
  • MSRP: $15,195
  • Factory Invoice Price: $14,722
  • Engine Specs: 1.4L, Continuously Variable Auto Transmission (CVT), 98 Horsepower
  • City MPG: 30
  • Highway MPG: 38
  • Annual Fuel Cost: $1,100
  • Powertrain Warranty: 5 years or 60,000 miles
  • Limited Basic Warranty: 3 years or 36,000 miles
  • Overview: The Chevy Spark retains the #1 spot as the cheapest new car of 2019, with a minimal price increase of $170 (and a factory invoice decrease). No major changes in this year’s model. Side note: the EV version of the Spark was replaced by the Chevy Bolt last year.
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