If Kia doesn't have a replacement lined up for the Rio, the South Korean automaker will ultimately sell more Soul and Seltos crossover utility vehicles than it does today. The Soul is available from $19,890 at the moment of reporting, while the Seltos carries a sticker price of $24,390.
The recently unveiled K3 slots between the Rio and Forte, and Kia confirmed that first deliveries for the Mexican market are scheduled for the fourth quarter of 2023. For the time being, it's not known if the all-new sedan will ever be offered in the US of A.
It's also worth remembering that Hyundai hasn't replaced the Accent in the US after 2022, and probably won't do it anytime soon. The Rio's canning follows mere days after Automotive News declared the Mitsubishi Mirage after 2025.
The Mirage, Rio, and Nissan Versa are the most affordable new cars available to purchase in the United States of America at the present moment. The Versa is the most affordable of the bunch at $15,980.
The Mirage can be yours for $16,245 plus taxes, while the Rio is $16,750 for the four-door sedan. The better-looking hatchback retails at $17,690.
According to information obtained by the Brits at Autocar, the Rio will be discontinued in the United Kingdom after 2023. It's believed the Rio will exit the European Union as well due to worsening demand. Given that Euro 6 regulations and the incoming Euro 7 regulations force automakers to raise the price of their smallest cars, it makes a lot more sense for them to get rid of said cars in favor of more profitable crossover utility vehicles.
The Volkswagen Group even ponders the discontinuation of the Polo and Skoda Fabia in response to Euro 7 for electric vehicles. According to Volkswagen brand chief executive officer Thomas Schafer, the switch from Euro 6 to Euro 7 may increase the price of new cars by a staggering €5,000 ($5,435 at current rates).
That being said, it will be sad to see the Rio go out with a whimper rather than a bang. But then again, without sufficient demand, Kia cannot afford to keep building a car that doesn't sell well.