Mitsubishi Mirage News

automotive2 years ago•6 min saved

"The Last Affordable Brand New Car: The Final Model Under $20,000"

The Mitsubishi Mirage is now the only new car available in the United States with an average sale price under $20,000, as Americans increasingly prefer SUVs and trucks over small cars. The Mirage, which costs less than half the average price of a new vehicle, remains affordable for budget-conscious buyers. However, the scarcity of small cars at dealerships has driven up the average price of new vehicles to over $48,000. The Mirage's future is uncertain, as Mitsubishi is reportedly planning to stop selling it by mid-decade. As prices continue to rise, buyers are turning to certified pre-owned small cars as a more affordable option.

via WBNG|

#affordability #auto-market #automotive

automotive2 years ago•6 min saved

"The Last Affordable Brand New Car: The Final Model Under $20,000"

The Mitsubishi Mirage is now the only new car available in the United States with an average sale price under $20,000, as Americans increasingly prefer SUVs and trucks over small cars. The Mirage, which costs less than half the average price of a new vehicle, remains affordable for budget-conscious buyers. However, the scarcity of small cars at dealerships has driven up the average price of new vehicles to over $48,000. The Mirage's future is uncertain, as Mitsubishi is reportedly planning to stop selling it by mid-decade. As prices continue to rise, buyers are turning to certified pre-owned small cars as a more affordable option.

via Fox 5 Las Vegas|

#affordability #auto-market #automotive

automotive2 years ago•6 min saved

"The Last Affordable Brand New Car: The Final Model Under $20,000"

The Mitsubishi Mirage is now the only new car available in the United States with an average sale price under $20,000, as Americans increasingly prefer SUVs and trucks over small cars. The Mirage, which costs less than half the average price of a new vehicle, remains affordable for budget-conscious buyers. However, the scarcity of small cars at dealerships has driven up the average price of new vehicles to over $48,000. The Mirage's future is uncertain, as Mitsubishi is reportedly planning to stop selling it by mid-decade. As prices continue to rise, buyers are turning to certified pre-owned small cars as a more affordable option.

via Arizona's Family|

#affordability #auto-market #automotive

automotive2 years ago•1 min saved

The $20K Car: A Dwindling Choice for Americans

The Mitsubishi Mirage is currently the only car on the market under $20,000, with the average new car price in the US now exceeding $48,000. The scarcity of small cars and the growing popularity of trucks and SUVs have driven up prices, along with inventory issues and increased costs. General Manager of Mitsubishi of Orange Park, Lou Tilahun, believes the rising prices are due to parts shortages and shipping costs. Analysts at Cox Automotive predict that $20,000 cars will soon be a thing of the past, and Mitsubishi has announced that production of the Mirage will be ending soon.

via WJXT News4JAX |

#affordability #automotive #car-prices

automotive2 years ago•2 min saved

The Last New Car Under $20K: Americans' Limited Choices

The Mitsubishi Mirage is now the only new vehicle available in the US with an average sale price under $20,000, as prices of new and used cars have soared since the pandemic. With Americans increasingly preferring SUVs and trucks over small cars, the Mirage remains an affordable option, selling for an average of $19,205 last month. However, the Mirage may not be available in the next few years, as Mitsubishi is reportedly planning to stop selling it by mid-decade.

via Fox Business|

#affordable-cars #auto-market #automotive

automotive2 years ago•1 min saved

Affordable Cars: The Ultimate List of Vehicles Under $25K

The Mitsubishi Mirage is currently the only new car in the US with an average purchase price under $20,000, while other cars may have starting prices below that threshold, their actual purchase prices after options and shipping exceed $20,000. In July 2022, the average transaction price for the Mitsubishi Mirage was $19,205. Small vehicles like the Kia Rio, Nissan Versa, Hyundai Venue, and Nissan Sentra all have average purchase prices over $20,000. The average price for a new vehicle in July was about $48,000.

via USA TODAY|

#automotive #car-prices #hyundai-venue

automotive2 years ago•1 min saved

"Affordable Wheels: 5 New Vehicles with the Lowest Average Purchase Prices in the US"

The average purchase price of new cars under $20,000 is becoming increasingly rare in the US as automakers focus on SUVs and trucks. The compact Mitsubishi Mirage is currently the only new vehicle with an average selling price below $20,000, but it is expected to be discontinued. Other affordable options include the Kia Rio, Nissan Versa, Hyundai Venue, and Nissan Sentra.

via ABC News|

#affordable-cars #automotive #cox-automotive

automotive2 years ago•6 min saved

Limited Options: The Last Affordable Car in the U.S. Faces Discontinuation

The Mitsubishi Mirage is now the only new car in the United States with an average sale price under $20,000, as Americans increasingly opt for SUVs and trucks over small cars. The Mirage, which costs less than half the average price of a new vehicle, is facing dwindling sales and potential discontinuation. The scarcity of small cars at dealerships, coupled with a pandemic-related chip shortage and the rising prices of new and used cars, has made it difficult for price-conscious buyers to find affordable options. While some other cars and SUVs have average prices slightly above $20,000, the days of the sub-$20,000 new car may be gone for good.

via Yahoo News|

#affordability #auto-market #automotive

automotive2 years ago•6 min saved

Tesla Model 3: Affordable and Tax Credit Eligible.

A new lifecycle analysis by CleanTechnica shows that the total cost of ownership (TCO) of a Tesla Model 3 is nearly as affordable as the cheapest car available in the United States, the 2023 Mitsubishi Mirage. The analysis takes into account fuel and depreciation savings, as well as the full $7,500 federal tax credit now available for all Model 3 vehicles. The TCO of the Model 3 is only slightly higher than the Mirage, with a $4,889 expected reduction in fuel costs and a $1,941 expected reduction in maintenance costs.

via CleanTechnica|

#automotive #federal-tax-credit #mitsubishi-mirage