Here in Canada, its suppose to replace the Accent hatchback.
The Venue is a very interesting simple vehicle. The engine is a 1.6L, timing chaing driven, NOT gas directed engine, which is getting rare in 2020. Rear beam suspension with shocks, you can even get rear drum brakes, which I prefer and I never replaced any drum brakes on any of my cars, only had to clean them, very low maintenance and durable.
The only thing "new" in this vehicle mechanically is the new IVT (CVT) transmission, which apparently works very well. It is chain driven, not belt driven. I still do prefer the previous 6 speed automatic which was very good in the Accent (my mother owns one).
Other than that, this car is very practical and low maintenance. Other than the transmission, the rest of the car is very well known.