2016 Chevrolet Malibu
(General Motors)

Chevrolet announced pricing for the fully redesigned 2016 Malibu earlier this month. The affordable midsize sedan will start at $22,500, which includes an $875 destination charge. The 2016 Chevy Malibu is slightly less expensive than the 2015 model, which starts at $23,290, including destination. According to Chevrolet, the new Malibu is longer and offers more rear-seat space than the current model, which is one area where automotive journalists say the 2015 Malibu stumbles. The 2016 Chevrolet Malibu is slated to go on sale later this year.

The 2016 Malibu undercuts the price of most major competitors, including the 2016 Ford Fusion ($22,985), 2016 Toyota Camry ($23,895), 2016 Hyundai Sonata ($22,585), 2016 Mazda6 ($23,815 with optional automatic transmission) and refreshed 2016 Honda Accord ($23,725 with optional automatic transmission). If you're fine with driving a stick, you can pay less for an Accord or Mazda6 equipped with a six-speed manual, which is unavailable on the Malibu.

2016 Chevrolet Malibu
(General Motors)

As we reported when it debuted at the 2015 New York International Auto Show this past April, the 2016 Chevy Malibu comes standard with a 160-horsepower, turbocharged 1.5-liter four-cylinder engine and a six-speed automatic transmission. An optional turbocharged 2.0-liter four-cylinder engine makes 250 horsepower, and it is paired with an eight-speed automatic. Chevrolet is also introducing a Malibu Hybrid, which it expects to return a combined city/highway fuel economy rating of 47 mpg.

A base 2016 Malibu comes standard with a six-speaker audio system, air conditioning and push-button start. Features available on upper trims or as optional equipment include Bluetooth, a USB port, wireless phone charging capability, satellite radio, OnStar with a 4G LTE connection and a Wi-Fi hot spot, a nine-speaker Bose audio system, Android Auto and Apple CarPlay smartphone integration, the MyLink infotainment system with a 7-inch touch screen or MyLink with navigation and an 8-inch touch screen, heated and ventilated front seats, a heated steering wheel and leather upholstery. Available driver aids include a rearview camera, adaptive cruise control, front and rear parking sensors, blind spot monitoring, lane keep assist, forward collision warning and rear cross-traffic alert.

2016 Chevrolet Malibu
(General Motors)

When it was unveiled in April, Car and Driver wrote that the redesigned 2016 Malibu is much better looking than the outgoing model and is as handsome as some of the best-looking cars in the segment. "Right on cue, the Malibu has inherited a body so stylish, so crisp, that not only will the previous model’s visual Novocain be dissipated, but the Ford Fusion, Hyundai Sonata, Kia Optima, Mazda 6, and even the newly sassy Toyota Camry should actually be concerned," they wrote.

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