The Lancia Ypsilon is a supermini manufactured and marketed by Lancia, now in its third generation and as of 2022, the marque's only model. The Ypsilon was released in 1995, as a larger and more expensive replacement to the Y10. Between 1995 and 2005 Lancia produced more than 870,000 Ypsilons in the Melfi plant in the Potenza region. The third generation Ypsilon, sharing its platform with the Fiat 500, was marketed also as the Chrysler Ypsilon in the United Kingdom, Ireland and Japan. Fiat Group discontinued the Chrysler variant in 2017, having marketed 2,000 units in 2014. It is also no longer sold in Japan, with the discontinuation of both the Lancia Voyager and Lancia Thema branding on Chrysler-built vehicles in 2015. It is currently only available in the Italian market. First generation (1995) 1995–2000 The Lancia Y (Type 840) was designed by Enrico Fumia in 1992. It was developed over 24 months at a cost of around 400 billion Italian lira and was presented in Rome in January 1996. The arches defined the car, repeating themselves on all sides of the car. The length is 3.72 m, 33 cm longer than the Y10. The Lancia Y was built on the platform of the Fiat Punto series 176 (the same platform as the Palio and Barchetta), with a redesigned trailing arm independent rear suspension, connected by a stabilizer bar, to provide a more comfortable and refined driving experience, while suspension at the front remained of the independent MacPherson type. The main features of the Lancia Y include five seats, a soft plastic dashboard, and accessories, and options, including body colors in 100 shades from the Lancia Kaleidoscope catalog. Another design property that distinguished the Y was the instrument cluster in the center of the dashboard, which was adopted by the Musa and Ypsilon later in 2003. Initially, the range featured three trim levels: LE, LS, and LX. A Cosmopolitan special edition of 600 pieces was later added. It was created through collaboration with the magazine, based on the LX trim. It was sold in the European market outside of Italy. Air conditioning was standard on the LX and an option on the LS. The LX also offered an enhanced instrument cluster with a rev counter and a larger display that also displayed the outside temperature. The engines were part of the FIRE series that debuted in the Y10 in 1985