The average price of a new car in 2022 was just over $48,000. The figure itself represents an increase of about $5,000 year-over-year. But even as the market continues to soar, his new car under $25,000 in 2023 is still a healthy amount, with some bare-bones models under $20,000. Please note that all prices listed below include unavoidable destination charges.
Manufacturers such as Toyota, Nissan and Hyundai still make up the bulk of the brands that offer the most affordable cars on the market, but there are some surprises. SUVs and even some hybrids.
Price: $24,100
The most expensive of the top 20 in 2023 is the Toyota Corolla Hatchback. It boasts a standard 2.0-liter engine and 169 horsepower, plus an 8.0-inch touchscreen with wireless Apple CarPlay and Android Auto connectivity, and the Toyota Safety Sense 3.0 suite of driver assistance and safety tech.
Price: $23,690
The Ford Maverick is not only the most affordable truck in the country, it’s also one of the 20 cheapest cars in the US in 2023. Starting at $23,690, his 2.5-liter hybrid four-cylinder engine in the base XL model gives Maverick his 191 horsepower. Up to 37 miles per gallon combined. Buyers looking for a little more capability can always move on to turbocharged options or off-road his Tremor trim.
Price: $23,615
The Mazda 3 sedan is thousands of dollars cheaper than the hatchback, with a starting price of $23,615. It has the same 2.5-liter four-cylinder engine and 191 horsepower as the CX-30 crossover and has most of the same equipment under the hood, including his 8.8-inch screen with Apple CarPlay and Android Auto. The Mazda 3 Sedan also achieves a maximum of 31 miles per gallon.
Price: $23,395
Chevy’s tiniest SUV is also the most affordable car in the range, considering the company is ditching the Spark in 2022.
Price: $23,285
The Hyundai Kona has an all-new look and will definitely be reasonably priced for 2024. But buyers interested in the 2023 Kona can take home a compact crossover for just $23,285. 147 horsepower and 8-way power adjustable driver’s seat.
Price: $22,645
The Corolla will remain one of the most affordable cars in its class in 2023, with a starting price of $22,645. Standard equipment on the base LE model includes a 169-horsepower four-cylinder engine, an 8.0-inch touchscreen display with Apple CarPlay, Toyota Safety Sense 3.0 and more.
Price: $21,760
The Volkswagen Jetta Soldier enters 2023 without much of an update. But with a starting price of $21,760 and standard equipment like an 8.0-inch digital instrument cluster, automatic emergency braking, and LED headlights and taillights, it’s a solid value in a compact space.
Price: $21,585
The Nissan Kicks is one of the most affordable SUVs in the country, starting at $21,585. The 2021 update gave Kicks a new look and additional tech, including a new 8.0-inch touchscreen display with standard Apple CarPlay and Android Auto connectivity.
Price: $21,545
The Elantra will be several hundred dollars below the Corolla and Jetta in 2023. Features include 37 miles per gallon (37 miles) of highway, wireless Apple CarPlay and Android Auto, and an 8.0-inch touchscreen display.
Price: $21,315
One of the most affordable 5-door cars on this list, the 2023 Subaru Impreza Hatchback will cost you $21,315 in 2023. It has active safety, but all-wheel drive is available at no extra charge.
Price: $21,215
The Kia Soul boasts a sharp new redesign for 2023, including new headlights, bumper updates, and even some new safety tech across the range. Lane Keeping Assist with Tracking, Driver Attention Warning and High Beam Assist. The base price for his Kia Soul in 2023 is $21,215 including shipping.
Price: $21,045
Ahead of the Kicks is Nissan’s Honda Civic rival, the Sentra. The Sentra trails most of its competitors with a 2023 starting price of $21,045 for him. It also comes with standard equipment like the Nissan Safety Shield 360, automatic emergency braking and up to 33 total miles per gallon.
Price: $20,815
The Subaru Impreza sedan drops the hatchback by $500 in 2023. It also boasts a standard manual transmission and the same all-wheel drive system as its five-door counterpart.
Price: $20,815
Kia’s compact Forte is one of the most affordable options in its class. In fact, with a starting price of $20,815, it’s over $3,000 cheaper than the Corolla. Standard equipment includes a 2.0-liter engine with 147 horsepower and up to 34 miles per gallon combined with technology like his 8.0-inch touchscreen display with wired Apple CarPlay and Android Auto connectivity.
Price: $20,795
More affordable than the Kicks and Soul, the Hyundai Venue is the cheapest SUV in the US. His SE model at base starts at just $20,795 in the US in 2023 and includes standard automatic emergency braking, an 8.0-inch touchscreen and his 121-horsepower engine with up to 31 miles per gallon.
Price: $18,815
The Rio 5-door is second only to the Mitsubishi Mirage in the US as far as affordable hatchbacks go. Starting at $18,815, the Rio is a no-frills hatchback with few standard features, but the $1,800 technology package adds things like an 8.0-inch touchscreen and additional safety features.
Price: $18,290
The standard Mirage sibling, the G4, is Mitsubishi’s four-door version. Both cars have very basic features like cloth seats and his 3-cylinder engine that puts out just 78 horsepower.
Price: $17,875
Hyundai may have killed the small-car Accent in the US, but you can still buy its corporate cousin Kia’s Rio. Prices for the Rio start at $18,515 for the sedan (as you can see, the hatch is a little more expensive) and come with very basic features like air conditioning and his 120-horsepower four-cylinder engine.
Price: $17,290
Once the most affordable car in the U.S., the Mitsubishi Mirage will be No. 2 in 2023 with a starting price of $17,290. At least, it’s the most affordable hatchback in the country. Under the hood is the same his 3-cylinder engine with 78 hp.
Price: $16,755
The most affordable cars in the US in 2023 will be – drum roll please – Nissan Versa. Starting at $16,755 for the base S model with a 5-speed manual transmission, the Versa is a budget-friendly sedan that offers front and rear automatic emergency braking, high-beam headlight assist, and standard equipment up to 30 miles per gallon total. . .
- Toyota Corolla Hatchback: $24,100
- Ford Maverick: $23,690
- Mazda 3: $23,615
- Chevrolet Trailblazer: $23,395
- Hyundai Kona: $23,285
- Toyota Corolla: $22,645
- Volkswagen Jetta: $21,760
- Nissan Kicks: $21,585
- Hyundai Elantra: $21,545
- Subaru Impreza 5-Door: $21,315
- Kia Soul: $21,215
- Nissan Sentra: $21,045
- Subaru Impreza: $20,815
- Kia Forte: $20,815
- Contemporary Venue: $20,795
- Kia Rio 5-door: $18,815
- Mitsubishi Mirage G4: $18,290
- Kia Rio: $17,875
- Mitsubishi Mirage: $17,290
- Nissan Versa: $16,755
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