Chevrolet will sell its next-generation Malibu for $22,500, including delivery, the automaker announced Thursday.
The pricing for the sedan, which sports a 1.5-liter four-cylinder engine, 2-liter turbo four or a hybrid powertrain, is aggressive in a difficult sales world for mid-size sedans. The base model L undercuts nearly all of its competition, which includes the Ford Fusion, Nissan Altima, Honda Accord and Toyota Camry. Only the Hyundai Sonata and Mazda6 are less expensive than the Malibu.
The 2016 Malibu is 300 pounds lighter and 4 inches longer than the current version and, according to the automaker, will achieve 37 mpg on the highway and 27 mpg city when equipped with a 1.5-liter four. Chevrolet says the 2-liter turbo will manage 22/32 mpg and the hybrid, which goes on sale next year, will muster 48/45 mpg.
Chevrolet says the LS model, which is now one step above the base L, will start at $23,995 and sport a 7-inch touchscreen.
The LT, which can be equipped with the 2-liter turbo, will start at $25,895 and adds LED headlamps and power seats. The top-of-the-line Premier model will run $31,795. Chevrolet did not announce pricing for its hybrid version.
The 2016 Malibu will go on sale later this year. Chevrolet said the Malibu Hybrid would go on sale in Spring 2016.
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