In a move confirming even more that the compact crossover market is the hottest in the industry, at this year’s LA Auto Show Honda unveiled the North American version of their HR-V compact crossover. The HR-V is Honda’s smallest entry into its light truck category and will fit in just below the CR-V.

The HR-V will be built on the global platform underpinning the Fit. Even though it shares architecture with the compact, it looks on the outside more like a smaller funky version of the updated for 2015 CR-V.

The HR-V will share the Fit’s center-tank architecture which should contribute to a roomy feel in the cabin. Honda exclusive Magic Seat design, which allows the second-row seat to fold completely flat, will increase storage and flexibility with up to 58.8 cubic feet of rear storage.

Honda’s 1.8 liter 4-cylinder will work together with either a 6-speed manual or CVT to produce a respectable 138 horsepower and 127 lb-ft of torque. Front and all-wheel drive will be available, but the manual only comes with front wheel drive.

Big brother CR-V has a wheelbase only 0.3 inches longer than the HR-V’s 102.8 inches which speaks to Honda’s intent on making the crossover as roomy as possible. Overall length is 169.1 inches which is a good 10 inches shorter than the CR-V.

Some available features include: a 7 inch infotainment touch screen, multi-angle camera, Honda’s LaneWatch system, and Hill Start Assist.

The HR-V will be built in Honda’s Celaya, Mexico assembly plant alongside the Fit. Look for it to compete with the Nissan Juke and Buick Encore as well as the newly unveiled Mazda CX-3.