The Canadian market has all sorts of vehicles in numerous segments and we take a look at the top 6 cheapest cars from across these segments.
This post talks about the top 6 cheapest cars that are on sale in Canada in 2023. The Canadian market is also amidst the transition phase from ICEs to EVs, like most developed markets. But it looks like the progress is quite slow at the moment. It is understandable because the initial prices of electric cars are astronomical. While most car buyers are price-conscious, it becomes difficult to market EVs. Hence, we have shortlisted 6 more affordable cars from the regular ICE lineup. Read the details here.
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Top 6 Cheapest Cars in Canada for 2023
Mitsubishi Mirage
The first product on the list of cheapest cars in Canada in 2023 is the Mitsubishi Mirage. It must be noted that some of the most affordable cars in the Canadian market have already been discontinued. In fact, the cheapest car in 2022 was the Chevrolet Spark but that is gone in 2023 as well. Hence, Mitsubishi Mirage is the cheapest car around. It comes powered by a 1.2-litre 3-cylinder engine that makes 78 hp and 74 lb-ft of peak power and torque. It is mated to a 5-speed manual transmission. It has a price tag of $15,498 CAD.
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Hyundai Venue
The next product on the list of cheapest cars in Canada in 2023 is the Hyundai Venue. Venue is the crossover that is slowly becoming quite popular because of the complete package it offers. It comes powered by a 1.6-litre 4-cylinder engine that develops 121 hp and 113 lb-ft of peak power and torque. The 2023 version comes mated to a CVT automatic gearbox powering the front wheels. The cabin is full of modern tech features. It has a combined fuel economy of 7.5 l/100 km. It starts retailing at a decent $20,649 CAD.
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Chevrolet Equinox
Chevrolet Equinox is the next vehicle on the list of cheapest cars in Canada in 2023. It can be placed in the segment between a proper SUV and a crossover. Because of its affordability, this segment is getting popular among the masses as well. The Equinox comes powered by a 1.5-litre turbocharged 4-cylinder engine that makes a decent 170 hp and 203 lb-ft of peak power and torque. This engine is mated to a 6-speed automatic transmission powering the front wheels. One could get their hands on Equinox for a base price of $27,553 CAD.
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Ford Ranger
We all know how popular Ford is in Canada. In fact, its Ranger SUV is among the most favourite products in the North American market overall. The Ranger comes powered by a 2.3-litre EcoBoost turbocharged 4-cylinder engine that generates a massive 270 hp and 310 lb-ft of peak power and torque. This SUV is equipped with a 10-speed automatic gearbox with 4WD as standard. The starting price of the Range pickup truck is a cool $38,840 CAD. Despite being a heavy SUV, the fuel consumption is an acceptable 10.8 l/ 100 km.
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RAM 1500 Classic
No prizes for guessing the next pickup truck on the list of the cheapest cars in Canada in 2023. Yes, we are talking about the RAM 1500. There are a number of versions of the RAM pickup truck ranging from Quad, Crew Cab and more. It has a 3.6-litre V6 engine that makes 305 hp and 269 lb-ft of peak power and torque. This engine is mated to an 8-speed automatic transmission and has a towing capacity of 7,660 lbs. There are 4×2 and 4×4 variants on offer as per the needs of the customers. If you are in the market for the RAM 1500 Classic, be prepared to shell out around $44,245 CAD.
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Kia Carnival
How can we forget to mention the affordable, yet feature-packed Kia Carnival MPV when we talk about the cheapest cars in Canada in 2023. Now, Kia is a popular mass-market brand that takes into consideration the wishes of the general public. Hence, it strikes a great balance between performance, styling and modern features. The Carnival MPV comes powered by a 3.5-litre V6 engine that belts out 290 hp and 262 lb-ft of peak power and torque. This engine comes mated to an 8-speed automatic transmission. The MPV can carry 8 passengers which is its strongest aspect. You can get your hands on one at around $35,795 for the base trim.
