Toyota planning new compact car based on iQ

Times are changing, gone are the ways of the oversized thirsty automobile in favor of leaner more efficient machines. Compact cars with sports inspired attitudes are where the future of fun to drive vehicles is going. The Japanese automaker well known for making fuel-efficient compacts, Toyota, is continuing the trend with their upcoming compact sports car, based on the small city-car, the iQ. The next generation sport compact is expected to make its auto show debut sometime next year.

According to the automaker, the new model will be a "fun to drive" car, created for younger new car buyers. The vehicle will combine a six speed manual transmission with Toyota’s new 1.3 Liter engine, the combination should be good for a very Prius-like 55 MPG. When it goes on sale, the vehicle should retail for around 200 Million yen, or around $20,000 if it ever comes to the U.S.

Chances are the new car could become the next Scion, but until we get a chance to see Toyota’s long awaited sports car collaboration with Subaru the iQ based sport compact will just have to do.