5 Cheapest New Cars For 2023

4. 2023 Kia Rio

Price: $16,750

The 2023 Kia Rio is a reliable and affordable option for anyone looking for a practical vehicle. It comes as both a four-door sedan and a five-door hatchback, allowing for more versatility. Kia (KSE:000270) equipped the 2023 Rio with a 1.6-liter four-cylinder engine and a CVT transmission. The humble engine allows the 2023 Rio to offer 32 mpg within city and 41 mpg on the highway. Not only does the 2023 Rio offer decent fuel economy for both city and highway driving, but it also comes with a low starting price, at an MSRP of $16,750. The 2023 Kia Rio is one of the cheapest new cars for 2023.