When the newly redesigned 2016 Chevrolet Spark was introduced at this year's Montreal Auto Show, it was announced with a starting MSRP of $9,995, making it the least expensive car in Canada. However, its reign didn't last long, as the 2016 Nissan Micra quietly rolled into dealerships with an MSRP of $9988.
Here are the Top 10 most affordable cars in the Canadian market in 2016. Note that these prices do not include freight delivery charges, taxes, rebates, promotions and other fees.
2016 Nissan Micra
Last year’s price champ returns with no significant changes, but its price dropped by ten bucks. It now has an MSRP of $9,988.
2016 Chevrolet Spark
In addition to its all-new bodywork, the Spark minicar gets a more powerful engine and plenty of connectivity features. It has an MSRP of $9,995.
2017 Mitsubishi Mirage
The most fuel-efficient non-hybrid car on our market gets some cosmetic revisions, more technology inside and 5% more power – that’s 78 hp instead of 74. The Hatchback version will start at $12,598, while the newly release Mirage G4 sedan will have an MSRP of $14,398.
2016 Hyundai Accent
The Korean brand’s subcompact hatchback and sedan models are virtually unchanged for 2016, apart from new colours. They’re all equipped with a 137-hp, 1.6-litre four-cylinder engine. Both body styles are now priced the same with an MSRP of $13,899.
2016 Kia Rio
The subcompact Rio gets some cosmetic revisions and new colours for 2016, while interior trim has been upgraded. The Rio gets reduced noise, vibration and harshness levels as well, and is powered by a 137-hp, 1.6-litre four-cylinder engine. The Rio sedan has an MSRP of $14,295, and the Rio 5-Door starts at $14,695.
2016 Chevrolet Sonic
Chevy’s subcompact gets new paint colours, but otherwise, it returns largely unchanged for 2016. That means it still offers two engine choices, numerous trim levels and available OnStar 4G LTE on-board WiFi. The Sonic sedan has an MSRP of $14,395, while the Sonic 5-Door retails for $14,895.
2016 Nissan Versa Note
The Micra stole quite a few sales away from the Versa Note, which doesn’t mean the latter isn’t a good, affordable choice. It even features air conditioning and Bluetooth connectivity as standard equipment, which is rare in this budget-minded group of cars. The Versa Note has an MSRP of $14,498.
2016 Honda Fit
The Japanese brand’s spacious subcompact hatchback might not sell nearly as well as is Civic sister, but it remains a more versatile car, and among the most fuel efficient on the market. It has an MSRP of $14,730.
2016 Toyota Yaris
The subcompact Yaris Hatchback has a fuel-efficient engine, more comfort and convenience features than ever before, and an excellent reputation for reliability and resale value. The new Yaris Sedan is more equipped, offers a sportier drive and is priced at $16,995, but the Yaris Hatchback is much more affordable, starting at $14,775.
2016 Mitsubishi Lancer
The current generation of the compact Lancer has been on the market since 2007, which is a lifetime in today’s industry. However, the fact that it hasn’t changed much over the years is a testament to its successful styling and reliability. It did get a facelift and some interior changes for 2016. It also benefits from the best warranty on the Canadian market and has an MSRP of $14,998.