Scion has revealed that it will be presenting a micro-subcompact concept car at the upcoming New York Auto Show. The auto brand did not reveal anything else, other than the concept reflects Scion’s youthful image and represents a new segment for the brand aimed toward the growing urbanization trend.

But we are 99.9% sure that Scion is actually talking about a re-badged version of the Toyota iQ micro car for the U.S market. If this is the case, which I am sure it is, expect Scion to fit the new 1.33 litre engine with a dual VVT-i system that is capable of 99HP into the engine bay. The engine can be mated to either a 6 speed manual or a CVT transmission while fuel consumption figure with the manual tranny is rated at 58.9 miles to the gallon, and 55.4 miles to the gallon with the CVT.

To help improve fuel efficiency, the new engine comes with Toyota’s Optimal Drive technology as well as an engine Stop & Start technology. The Toyota iQ was also recently awarded with a 5-star Euro NCAP rating.