In many ways, Honda's (HMC -2.41%) 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 (F -1.83%) 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.