The Paceman will command $1,200 more than its four-door Countryman sibling.

MINI has released pricing information for its latest offering, the 2014 Paceman. The new crossover-coupe will start from $23,900 (including destination) when it hits the market on March 16, 2013.

That means the high-style Paceman will be $1,200 pricier than the more practical four-door Countryman on which it is based.

As with all other MINI models, the Paceman will be offered in standard and "S" model configurations. The base model is fitted with a 1.6-liter four-cylinder that produces 121 horsepower, while the $27,500 Paceman S adds a turbocharger to boost output to 181 horsepower. MINI is also preparing a John Cooper Works variant that is expected to pack 208 ponies.

A six-speed manual transmission and front-wheel-drive will be standard fare on all Paceman models, while an automatic (also with six cogs) and MINI's ALL4 all-wheel-drive will be available on the options list. Inside, standard kit includes sports seats, an AM/FM/CD stereo system with an AUX socket, a center-rail storage system and electronically-adjustable exterior mirrors.

The Paceman will bring MINI's lineup up to seven distinct models, but the BMW-owned brand isn't done yet. MINI chief Kay Segler says that three additional models will launch by 2022, with the new vehicles expected to be a sedan, a Clubman-based four-door and a Mazda Miata-rivaling roadster.