Kia’s GT concept car was such a runaway hit at the 2011 Frankfurt auto show.

The immense success convinced the company to go for a production version.

According to new updates, the car is getting ready to hit stores. Prototype version of the model was spotted this year which confirmed that Kia is indeed building a new GT based on the concept showcased at the Frankfurt expo. An Australian automobile magazine named motoring confirmed that the new car will be equipped with a rear wheel drive system. It is said to be priced at $40,000 in the country while the same price which when converted in United States currency is at around $29,500.

Building a $30,000 sports sedan is a wise move made by Kia. The GT has the potential to become one of the most powerful cars in recent times. Its concept was widely appreciated by both critics and fans alike. If the end product is based on the same, it has all the essential elements to be a great launch in the world of automobiles. The car has been codenamed CK in the Australian region and is expected to be powered by a 3.8-liter V6 engine. Two different versions of the V6 will be used allowing the car to get a total of 311 horsepower.

Another version of the update suggests Kia could probably go for the 3.3-liter powertrain for its GT which will be able to generate 365 horsepower. The model will use an eight speed automatic transmission system. Pricing is supposed to play an important role in making the GT popular among buyers. Kia has planned to keep it budget friendly. The highest trim line variant will be priced approximately at $50,000 which could be $36,000 in the United States.

The target audience are those who want a sports sedan without the expense usually associated with luxury cars. The dimensions of the Kia GT will be similar to BMW 3 series cars. It will also share its design with the Audi A7 and Gran Turismo. By making their car similar to other popular models in the market, Kia aims to make it easy for buyers to go for the GT without any drastic changes. Besides, the body proportions are compact and is designed to solve the requirements of an average buyer.

A bundle of new information with regards to the GT is expected to be out at the 2016 Paris auto show. Actual U.S. region pricing may vary.