General Motors has released prices for the 2015 Chevrolet Trax subcompact crossover.

Based on the Chevrolet Sonic--and essentially a lower-cost twin of the Buick Encore--the Chevy Trax will go on sale next year with a base price of $20,995, including destination.

That price buys you a front-wheel drive model; adding all-wheel drive is a $1,500 option.

MORE: 2015 Chevrolet Trax: AWD Subcompact Hatchback To Launch Next Year

All Trax models are equipped with a 138-horsepower, 1.4-liter turbocharged four-cylinder engine, which is connected to a six-speed automatic transmission.

EPA fuel-economy ratings for the front-wheel-drive 2015 Trax are 29 mpg combined (26 mpg city, 34 mpg highway), and 27 mpg combined (24 mpg city, 31 mpg highway) with all-wheel drive.

Those represent bumps of 1 mpg in each category compared to the 2015 Encore.

2015 Chevrolet Trax

2015 Chevrolet Trax

On our test drive of a loaded $33,000 2014 Encore more than a year ago, we exceeded the EPA rating. So it will be interesting to see how the Trax performs in real-world driving.

The Chevy Trax will offer a 7-inch touchscreen display and rear-view camera as standard equipment, as well as optional Siri Eyes Free, a built-in Wi-Fi hotspot, and OnStar 4G LTE connectivity.

It will be fitted with 10 standard airbags, including what Chevy says is the only rear-seat thorax bag in the segment.

ALSO READ: 2013 Buick Encore: Subcompact Luxury Crossover, Drive Report

The Trax was first introduced for the 2013 model year, and has been sold in several foreign markets--including Canada and Mexico--until now. It is built in both Mexico and South Korea.

U.S. sales are scheduled to begin in January 2015. The Trax will be available in three trim levels: LS, LT, and LTZ.

When it arrives in showrooms, the Trax will compete with the Subaru XV Crosstrek as well as a growing number of all-wheel-drive subcompacts, including the Nissan Juke, and the upcoming 2015 Honda HR-V and 2015 Jeep Renegade.

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