The Pontiac Vibe was a compact five-door hatchback produced between 2002 and 2009 for the 2003 through 2010 model years, with production discontinued following the end of the Pontiac brand. Now, vehicle valuation and automotive research company Kelley Blue Book has recognized the Pontiac Vibe in its list of the top 10 Best Used Compact Cars Under $5,000.
Although the Pontiac Vibe was offered for eight model years, Kelley Blue Book has included the 2005 model year from the first generation as part of its list. The second-generation Vibe was introduced for the 2008 model year.
The Pontiac Vibe was jointly developed by General Motors and Toyota, with the latter producing the Toyota Matrix as part of the joint venture. Interestingly, Kelley Blue Book also lists the 2004 Toyota Matrix in its list of the top 10 Best Used Compact Cars Under $5,000.
The Pontiac Vibe was produced at the New United Motor Manufacturing (NUMMI) facility in Fremont, California, a production plant jointly owned by General Motors and Toyota. The NUMMI facility also produced the Chevy Nova between 1984 and 1988, the Geo Prizm between 1989 and 1997, and the Chevy Prizm between 1998 and 2002.
Production of the Pontiac Vibe ended in August of 2009 following GM’s Chapter 11 restructuring, the end of the Pontiac brand, and the closure of the NUMMI facility.
The first-generation Pontiac Vibe was offered with a 1.8L I4 gasoline engine, while the second generation added a 2.4L I4 to the lineup. Both front-wheel drive and all-wheel drive were offered.
Other models listed on the 10 Best Used Compact Cars Under $5,000 list include the 2005 Toyota Corolla, the 2006 Honda Civic, the 2008 Ford Focus, the 2004 Toyota Prius, and the 2007 Mazda3.
As GM Authority reported previously, low used car inventory resulting from rising demand amid the COVID-19 pandemic has led to higher average transaction prices, with an average increase of 13 percent year-over-year.
Source: Kelley Blue Book