A compact hatchback based on the Toyota Corolla is likely to take a bow at the Frankfurt Auto Show next month, but buyers looking for a roomy hatchback from the automaker could also consider a used Toyota Matrix in New Jersey.

The small concept will be made as a Lexus, and is designed to compete against the Audi A3 and BMW 1-series, a class of high-end hatchbacks that are more popular in Europe than here, reported Edmunds.com.

The car is likely to be presented at the Geneva show in 2010 as a pre-production model, but the website cautions that it’s not likely to make it here any time soon.

On the other hand the 2005 model year offers buyers considering used Toyota Matrixes in New Jersey a car they’ll be able to actually purchase, and one that offers good headroom and flexible seating, according to a Cars.com review.

The hatchback also adds more steering feel than the Corolla it is based on, and drivers can use up to 52 cubic feet of the interior for cargo with the seats folded down, reported the news provider.