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Honda is finally set to launch the Fit hybrid in Japan this October and pricing is rumored to start at ¥1.59 million or about $18,600 at current exchange rates. That's a $4,700 premium over a standard gasoline powered Fit in Japan, but $3,500 less than the Insight, which makes it the cheapest hybrid available across the Pacific.

The Insight and Fit are built on the same platform, so the five-door Fit will likely use the same 1.3-liter mild-hybrid powertrain as its sibling. When we reviewed the Insight last year we concluded that its packaging sacrifices weren't really worth the price premium over the Fit. If the Fit hybrid were offered here, the starting price would likely be somewhere around $18,000 based on the current prices of the Fit and Insight. We checked with Honda officials and they still have no plans to offer the Fit hybrid in the United States.

[Source: Reuters]

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