The EPA has released its estimated fuel-economy rating for the 2012 Fiat 500 hatchback and it looks like the compact cars will rank near top of the non-hybrid small cars but will fall short of 40 mpg.

When mated to a 5-speed manual transmission, the 2012 Fiat 500 averages 30/38 mpg (city/highway) or 33 combined. Replace the transmission with a 6-speed automatic and the Fiat 500 will get 27/34 mpg and 30 combined.

The 2012 Fiat 500 will come in three different models including the entry-level Pop model for $15,995, a Sport version for $17,995 and a Lounge version for $19,995. Fiat expects the Fiat 500 Sport to be the best-seller.

Click here for more news on the Fiat 500.

Refresher: Hitting dealerships in spring 2011, the North American version of the Fiat 500 is powered by Fiat”s 1.4L in-line 4-cylinder engine featuring MultiAir technology. The system delivers an increase in power up to 10 percent and a reduction in fuel consumption and emissions up to 10 percent when compared to competitor engines. Prices for the Fiat 500 will start at $15,500.

- By: Omar Rana

Source: Automotive News