In recent years, small, fuel-efficient cars have come back into favor due to higher fuel prices and changing consumer tastes. Within this market segment, one of the more popular choices has been the Chevrolet Aveo. Classified by the EPA as a subcompact, the Aveo debuted in 2004 and has been a surprise hit for Chevrolet.
The Chevy Aveo is representative of a new generation of inexpensive small cars that sacrifice little in terms of features or comfort, especially in light of what similar offerings used to be like in earlier decades. One could also call it the result of globalization -- the Aveo is built in Korea by Daewoo, which is now owned by General Motors.
Chevrolet's target buyer is young and looking for his or her first new car. To help attract said customer, the Aveo comes equipped with youth-oriented features such as an MP3-enabled audio system, faux carbon-fiber trim and bright color choices. Budget-minded shoppers will likely be drawn to its impressively low price and solid fuel economy ratings.
The Chevrolet Aveo also benefits from a recent update meant to keep it competitive against new entrants from Japanese automakers. However, shoppers in this subcompact segment are advised to study up on all of their options. There are more choices than before, and sometimes purchasing a slightly used but superior model for the same price as a new but less desirable one makes the most sense.
