In many ways, Honda's (NYSE:HMC) subcompact Fit is a classic Honda: It's small and fuel-efficient, but roomy and well-thought-out, with an endearing look that owners love. But the current car is reaching the end of its life, and competitors like Ford's (NYSE:F) Fiesta have arguably outpaced it in some ways.

Honda won't show the all-new Fit until this fall, but already some details are leaking, including this one: Honda expects the hybrid version to be Japan's -- and maybe the world's -- most fuel-efficient car.

In this video, Fool.com contributor John Rosevear looks at what we know about the new version of Honda's well-regarded subcompact -- and at how the new version is likely to be received in the U.S. and abroad.

Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.