Hatchback versions of the 2007 Nissan Versa are scheduled to go on sale in early summer 2006, while sedans will arrive later in the year. Nissan says pricing will start at around $12,000, most likely for a manual-shifted model with no options. Figure close to $15,000 for a hatchback equipped with the desirable CVT, along with a few options. Despite being undercut by the Chevrolet Aveo (starting at $9,995) and the Kia Rio ($11,000) the Nissan Versa is clearly competitive, given the extra power, refinement and potential higher resale value associated with this brand name.