The Mitsubishi Mirage, the last affordable new car in the U.S., is expected to sell out by summer 2023, after which no new cars will be available for less than $20,000. Selling for an average price of $18,484, the Mirage is a compact hatchback with minimal features and low quality ratings. Factors contributing to the rise in vehicle prices include inflation and increased production costs. Major automakers have not yet announced consumer price increases due to tariffs, yet average vehicle prices are projected to rise substantially in the coming years.
"The last new Mitsubishi Mirage model is expected to be sold by the end of this summer-and after that, there will be no new cars available for sale in the U.S. for less than $20,000."
"The Mirage was able to stay so cheap by offering the bare minimum. It's tiny. And while it has now-standard features like a touchscreen and rearview camera system, it doesn't have much else."
"In Car and Driver's review of the final 2024 Mitsubishi Mirage G4, the publication gave the car a 3/10 rating, noting that it was cheap to buy but cheaply made, with a puny engine and drab driving demeanor."
"Inflation since the pandemic has hit the automotive industry especially hard, with the average transaction price for a new vehicle rising from about $40,000 in 2020 to nearly $49,000 in 2025."
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