Nissan will soon offer its entry level sedan Versa for less than $10,000, and it will be the cheapest new car available in the United States. The no-frills Versa, which will not include air-conditioning or power windows, will cost $9,900 or more than $1,000 less than the country’s current least expensive car.<pP
The new Versa model is made in Mexico and will be available beginning Nov. 18, according to an article in the Los Angeles Times. The sub-$10,000 price is $3,000 less than the current cheapest Versa available.
The cheapest car now sold in the U.S. is the Hyundai Accent at just over $11,000.
“A sticker price under $10,000 is certainly appealing to customers in an economy where people don’t have money anymore,” Robyn Eckard of Kelley Blue Book told the newspaper.
The new Versa will have a 1.6-liter engine, rather than the 1.8 liter offered on the current Versa. It will get 34 mpg on the highway, compared with 33 mpg currently.
General Motors was the last automaker to offer a sub-$10,000 car in the U.S., selling its entry-level Aveo for $9,995 two years ago, according to Kelley. But it has since discontinued that version and raised the sticker price to $12,625.
The Times reported that in India, where Tata Motors is planning to soon sell the Nano, a $2,500 car, Ford offers a sedan that sells for $9,000, its least expensive car in the country.
Nissan sells a micro-compact called the Pino in Japan for about $8,000. General Motors is preparing to offer a subcompact in Asia called the Beat for less than $10,000.
According to Forbes.com, the 10 cheapest current or soon-to-be offered cars in the world:
1. Tata Nano, $2,500; 2. Chery QQ, $4,781; 3. Suzuki Maruti 800, $4,994; 4. Geely MR, $5,500; 5. Geely HQ, SRO, $5,780; 6. Chery A1, $7,394; 7. Tata Indica, $8,894; 8. Hyundai 110, $9,096; Fiat Palio, $9,242; 10. Renault Logan $9,477.