US Automakers Offer Few ‘Cool’ Cheap Cars — for Now

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By Trey Thoelcke Updated Published
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US Automakers Offer Few ‘Cool’ Cheap Cars — for Now

© courtesy of General Motors Co.

Given the popularity of pickups and sport utility vehicles in the United States since the price of gasoline dropped sharply, along with the price of oil, a few years ago, it is little wonder that U.S. automakers are not well represented on Kelley Blue Book’s latest list of the 10 coolest cars under $20,000 for 2018.

Those that made the list are the cars that the firm considers the most fun to drive and fun to own among the most affordable options, and again the Mazda 3 takes the top spot. The only ones on this year’s list from U.S. automakers are the Jeep Renegade from Fiat Chrysler Automobiles N.V. (NYSE: FCAU) and the Chevrolet Sonic from General Motors Co. (NYSE: GM).

Below are the latest Kelley Blue Book picks for the 10 coolest new cars under $20,000, along with what the firm had to say about each one.

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  1. Mazda 3: “Available in both sedan and hatchback form, the Mazda3 offers practicality that appeals to compact car buyers, with sportiness that makes even daily chores more fun.”
  2. Honda Civic: “Kelley Blue Book’s Small Car Best Buy of 2018, the Civic is a well-rounded car offered as a sedan or coupe that’s comfortable, roomy, practical, efficient, packed with cool tech, and a blast to drive.”
  3. Hyundai Kona: “The Kona was given a healthy dose of modern style, and the clean, crisp cabin is filled with a bevy of connectivity and advanced safety features.”
  4. Volkswagen Golf: “Euro-tuned handling and a sporty attitude are only part of what makes the Golf such an appealing car.”
  5. Kia Soul: “Few vehicles match the Kia Soul’s alluring combination of bold style, SUV-like versatility, and practicality, with a roster of standard and available features that add to the Soul’s value.”
  6. Jeep Renegade: “Of all the vehicles on this list, the Renegade is the one that can get you the furthest beyond where the pavement ends.”
  7. Subaru Impreza: “Already earning extra credit for its standard all-wheel drive, a recent redesign gives the Impreza sedan and hatchback sharper looks, more refinement and a larger palette of tech and convenience features, all while retaining the strong value proposition and reliability for which Subaru is known.”
  8. Honda Fit: “This diminutive hatchback has a feature called the Magic Seat that gives the interior space and versatility that rivals that of a small SUV. The combination of practicality and pep at an affordable price makes the Fit a hard car to resist.”
  9. Hyundai Elantra: “The all-new Elantra GT hatchback expands the Elantra lineup, adding a dose of likable style and five-door versatility to the mix.”
  10. Chevrolet Sonic: “The Sonic’s starting price of $16,170 makes it the most affordable car on this list. But what keeps Chevrolet’s subcompact sedan and hatch on our list of coolest cars is its compelling combination of tech, comfort and a fun attitude, all wrapped in redesigned sheet metal.”

For quite a while, the best-selling vehicle sold in the United States has been the Ford Motor Co. (NYSE: F) F-150 pickup, with its 2018 base price of well over $27,000. Fully loaded, they can top out at more than $70,000.

Pickups and SUVs are so popular in America that Ford recently decided to stop production of its Taurus, Fusion, C-Max and Fiesta sedans. But as oil prices creep up, taking gasoline prices with them, will American consumer tastes shift again, forcing U.S. carmakers to come up with more of their own “cool” but affordable cars?

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Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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