Home Automobile Kia Rio Dropped for 2024, One other Sub-$20,000 Automotive Bites the Mud

Kia Rio Dropped for 2024, One other Sub-$20,000 Automotive Bites the Mud

0
Kia Rio Dropped for 2024, One other Sub-$20,000 Automotive Bites the Mud

[ad_1]

  • Kia is discontinuing the Rio within the U.S. after the 2023 mannequin yr, as reported by Automotive Information.
  • The Rio subcompact was provided as a sedan and a hatchback, with each beginning below $20,000.
  • It is potential that the brand new Kia K3 will function a substitute for the Rio, however it would absolutely be dearer.

The Kia Rio is the newest sufferer within the string of reasonably priced small-car discontinuations within the U.S. The subcompact sedan and hatchback will not return for the 2024 mannequin yr, a Kia consultant confirmed to C/D.

The Rio was one in all simply three remaining sub-$20,000 new vehicles accessible within the U.S. for the 2023 mannequin yr. With the impending cancellation of the Mitsubishi Mirage, it will go away solely the Nissan Versa as a member of this membership going ahead, though Nissan has not but introduced 2024 Versa info.

By means of July of this yr, Kia has offered 16,554 models of the Rio, a 2 p.c decline in contrast with final yr. However the Rio has by no means been amongst Kia’s bestselling fashions, and its low costs doubtless imply slim revenue margins. The compact Forte sedan will now be the most cost effective mannequin within the Kia lineup. It began at $20,815 for the 2023 mannequin yr; 2024 pricing hasn’t but been introduced.

Kia additionally lately revealed a new small sedan referred to as the K3. We anticipate it to function a substitute for each the Rio and the Forte going ahead, however it’s not prone to carry a sub-$20,000 beginning worth. Search for extra info on this new mannequin to come back later this yr, because it may arrive within the U.S. for the 2025 mannequin yr.

Headshot of Joey Capparella

Senior Editor

Regardless of being raised on a gradual weight loss program of base-model Hondas and Toyotas—or maybe due to it—Joey Capparella nonetheless cultivated an obsession for the automotive trade all through his childhood in Nashville, Tennessee. He discovered a option to write about vehicles for the college newspaper throughout his faculty years at Rice College, which ultimately led him to maneuver to Ann Arbor, Michigan, for his first skilled auto-writing gig at Car Journal. He has been a part of the Automotive and Driver crew since 2016 and now lives in New York Metropolis.  

[ad_2]

LEAVE A REPLY

Please enter your comment!
Please enter your name here