Buick's First Compact Model Priced at $23,470

Case in point is the new 2012 Verano, Buick's first entry-level compact sedan.

The pricing starts at $23,470 for the base model and goes up to $26,850 for the top of the line version (including destination charge).

The Verano comes with a four-cylinder, six-speed automatic producing 180 horsepower. (a 2.0 liter turbocharged engine will be added later)

Standard features include leatherette upholstery, a 7-inch touch-screen, climate control, remote start, power accessories, steering-wheel controls, Bluetooth and USB input.

The closest competitors to the Verano include the Volvo S40 and Audi A3 - both of which are priced about $4,000 higher.

The Verano seems to be a good value considering that a similarly equipped Chevrolet Cruze LTZ (the Verano's sibling) is about the same price.

We're expecting the Verano to go on sale later this year - if you're considering a compact car, make sure to put the Verano on your test-drive list.