Used 2011 Ford Fiesta Hatchback

Here in the U.S., very small economy cars (known as "B-segment" cars) have historically been synonymous with very small expectations. Remember the Chevy Sprint, Ford Aspire and Pontiac LeMans? Didn't think so. The term "basic transportation" doesn't begin to describe them — they were all about a low purchase price and high fuel economy. Sporty handling? A quiet ride? Refinement? Luxury features? Are you kidding?

Though a few current choices in this segment may offer one or perhaps two of those qualities, finding one that offers all four has been impossible. Such is not the case in Europe, where a number of B-segment cars provide driving kicks and all the gee-whiz features you could ask for. And now, we've got a B car to behold in the form of the 2011 Ford Fiesta.

Up to now, the Honda Fit has been the hands-down staff favorite thanks to its incredible space-efficiency and spunky driving demeanor. However a busy, noisy highway ride and some bizarre styling elements (such as the mishmash dash) kept it from getting all the love. We'd previously driven the Euro-spec Fiesta and were quite impressed with the feisty little Ford's fun-to-drive personality, upscale cabin trimmings and composed, quiet freeway ride. We also hoped that Ford wouldn't dumb down the suspension and steering (that is, make them soft and isolated) to "suit" the American market.

Well, cue the pigs to take wing, because an American carmaker has finally realized that a small economy car needn't be dull, flimsy and about as desirable as a dishwasher. Available in sedan or hatchback body styles, the 2011 Ford Fiesta essentially comes in three trim levels, which start at around $14,000 and top out, like our SES tester, at around $18,000 (without optional equipment).

As far as rivals, if you want an entertaining drive with plenty of cargo space, there is the aforementioned Fit as well as the Kia Soul. If a plush ride's more your thing, there are the Nissan Versa and Cube. There's also the Suzuki SX4, which presents a strong value proposition. But if you want the one that equals or betters them at their own games, it's the Fiesta. We've got a feeling that the Blue Oval boys will have cause for celebration with this little winner.