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The Fiat 500 just missed the now coveted 40 mpg mark, returning 30 mpg in the city and 38 mpg highway with the 5-speed manual, while automatic versions will net 27 mpg in town and 34 mpg while cruising. While the numbers are nothing to frown about, expectations were higher considering the car's 1.4L four-cylinder engine and compact packaging.

The Hyundai Elantra, Chevrolet Cruze and Ford Focus will all offer 40 mpg capability with more practicality, but we doubt they'll be as fun to drive. With that said, the $15,995 price point is fairly close to the three compacts, and we expect the lines to be drawn according to those who desire an all-purpose, efficient car versus something stylish and sporty.

More: 2012 Fiat 500 Misses The 40 MPG Mark on AutoGuide.com
 

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It's not getting 40 MPG, but 38 is close enough. Every car maker is trying to get 40 MPG's or better, a lot of them claim this but when it's put to the test we get a lower figure. Just looking at the spec's you can't go wrong with the 500 when you factor in the power, weight, options, etc. It should be a lot of fun with good gas mileage.
 
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