With a starting price of $10,990, Nissan says in a statement its redesigned 2012 Versa Sedan is the least expensive 2012 model-year car in the U.S. After a delivery fee of $760, the base 2012 Versa Sedan will cost $11,750. The middle-of-the-road SV trim will start at $14,560 and the top-of-the-line SL trim will cost $15,560.

Until now, the cheapest car sold in the U.S. was the $9,985 three-door 2011 Hyundai Accent, which has been discontinued for 2012. Hyundai’s 2012 Accent sedan starts at $14,195, which is $3,205 more than the 2012 Versa sedan. The 2012 Chevrolet Sonic, which replaces the $11,965 2011 Aveo, starts at $14,495.

Unlike its 2011 predecessor, the 2012 Nissan Versa Sedan comes standard with air conditioning and an AM/FM radio with CD player and auxiliary input. Previously, buyers had to upgrade to the $14,100 1.8S trim to get this audio system as a standard feature, and to get air conditioning standard, buyers had to choose the $11,420 1.6 model.

In addition to the 2012 Versa’s expanded list of standard features, Nissan is offering even more options for buyers to choose from.

“Nissan offers a host of optional equipment throughout the Versa range, including Bluetooth, XM satellite radio, a touch-screen navigation system and USB input for iPod/MP3 devices,” Autoblog reports.

The 2012 Nissan Versa Sedan will hit dealerships in early August and comes with a 1.6-liter, inline four-cylinder engine that produces 109 horsepower and 107 pound-feet of torque. A five-door 2012 Versa Hatchback model is also available and is scheduled to go on sale July 17. Although Nissan hasn’t announced pricing for the 2012 Versa Hatchback yet, the 2011 version starts at $14,380.

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