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econobox 

A slang term for a small, boxy, fuel-efficient automobile with few luxuries.

Possibly the first econobox was the Austin Mini, first built in England in 1959.

Other well known economy cars like the Volkswagen Beetle, Fiat 500 and the Citroën 2CV are sometimes referred to as econoboxes, but do not have the requisite square shape of a true econobox.
Did you see that clunky, old Yugo? If that isn't an econobox, I don't know what is.
econobox by Shant Jaltorossian March 12, 2008
Related Words

econobonics 

Meaningless gibberish about economics meant to make an ignorant writer sound authoritative.
...in the comments there was some minor quibbling and tut-tutting and a healthy-heapin’ handful of econobonics words like “predictive,” “multi-causal,” “independent predictor,” “differing methodologies,” and “intervening assumptions” ...

(from tbogg at firedoglake dot com, 2010-07-27, "Quivering-with-antici-pation")
econobonics by Tehanu July 28, 2010