Skoda has now introduced a car called the Rapid. It is Skoda's first compact type hatchback since the previous Rapid fastback of the 1980s or 1990s. The name also derives from the 1939 Skoda Rapide (which modernized Skoda). It will cost about €16,000; being the second cheapest Skoda. The car is based on the Vision-D concept car (along with the third generation Octavia).