2023 Hyundai Venue: What We Know so Far — Cheapest SUV!

The Hyundai Venue is a great value choice for the subcompact crossover SUV segment, with its many standard features and a very low price. Find out what we know so far about the release date, price, specs, and features of the new 2023 Hyundai Venue. 

When is the 2023 Hyundai Venue coming out?

Front angle view of dark gray 2023 Hyundai Venue crossover SUV, highlighting its release date and price
2023 Hyundai Venue | Hyundai

The new 2023 Hyundai Venue will likely hit roads in late Summer/early Fall 2022. It will be available at Hyundai dealerships throughout the United States and in various international markets.

The Hyundai Venue for the U.S. market is built at Hyundai’s plant in Ulsan, South Korea.

How much is the 2023 Hyundai Venue?

Hyundai didn’t yet provide the official price information for the 2023 Venue crossover SUV. However, the 2023 Venue will likely cost slightly more than the 2022 Venue — but continue to be the cheapest SUV available in the U.S. The starting price of the 2022 Venue is $19,000 MSRP for the SE trim, $20,750 MSRP for the SEL trim, and $22,250 MSRP for the Limited trim.

2023 Venue specs: Engine output and gas mileage

Rear angle view of dark gray 2023 Hyundai Venue crossover SUV, highlighting its release date and price
2023 Hyundai Venue | Hyundai

All 2023 Hyundai Venue crossover SUV models feature a 1.6-liter four-cylinder engine, which generates 121 horsepower and 113 lb-ft of torque. The engine is mated to a continuously variable transmission (CVT).

Unfortunately, all-wheel drive is not available for the Venue, for all models come equipped with a front-wheel drive system. Also, the Venue is not rated for towing. On efficiency, it gets estimated gas mileage of up to 29 city/33 highway mpg. 

2023 Venue: Seating capacity, passenger space, and cargo space

Dashboard and front seats in dark gray 2023 Hyundai Venue, highlighting its release date and price
2023 Hyundai Venue | Hyundai

The new 2023 Hyundai Venue can seat up to five people. It has a total passenger volume of 91.9 cu-ft, which is surprisingly spacious considering its small exterior dimensions. Also, for storage space, the Venue has a rear cargo capacity of 18.7 cu-ft and a maximum cargo capacity of 31.9 cu-ft.

What’s new for the 2023 Venue?

The 2023 Hyundai Venue crossover SUV is a carryover model. However, the crossover SUV has some feature upgrades across the trim lineup. This includes rear occupant alert, a map lamp, and a center console armrest, which are now standard for all Venue models. Also, a wireless phone charger is now available for the Limited trim. Additionally, a standard 4.2” color display for the instrument cluster display replaces the standard 3.5” mono display from the 2022 Venue.

What are crossover SUV competitors of the Hyundai Venue?

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The crossover SUV competitors of the Hyundai Venue include the Toyota Corolla Cross, Honda HR-V, Mazda CX-30, Kia Seltos, Kia Soul, Subaru Crosstrek, Nissan Kicks, Volkswagen Taos, and Chevy Trailblazer.

Also, for warranty coverage, the 2023 Venue has the backing of a 5-year/60,000-mile basic warranty and a 10-year/100,000-mile powertrain warranty. Additionally, it offers a free maintenance plan, with three years or 36,000 miles of coverage.

As mentioned earlier, the release date of the new 2023 Hyundai Venue subcompact crossover will likely be in late Summer/early Fall 2022. Also, the 2023 Venue will likely cost slightly more than the 2022 Venue, which has a starting base price of $19,000 MSRP.

This article was updated on 8/1/2022.

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