In a market where new car prices continue to rise, the Mitsubishi Mirage has emerged as the most affordable option for buyers in the United States. Priced at just $16,695 (around £13,200), the compact hatchback retains its position as the cheapest new car available in 2024.
The Mirage, known for its fuel efficiency and compact design, undercuts competitors by a significant margin. Despite its low price, the vehicle comes equipped with essential features, including a touchscreen infotainment system, smartphone connectivity, and advanced safety technologies.
Why the Mirage Stands Out
With inflation driving up the cost of vehicles across the board, the Mirage offers a rare combination of affordability and practicality. Its 1.2-litre three-cylinder engine delivers an impressive 78 horsepower while achieving up to 39 miles per gallon in combined city and highway driving.
Analysts note that while the Mirage may lack the luxury of higher-end models, its reliability and low ownership costs make it an attractive choice for first-time buyers, students, and urban commuters.
The Rising Cost of New Cars
Recent data shows that the average price of a new car in the US has surged past $48,000, making the Mirage’s sub-$17,000 price tag a standout in today’s market. Experts suggest that budget-friendly options like the Mirage are becoming increasingly important as economic pressures mount.
Mitsubishi’s strategy of focusing on affordability appears to be paying off, with the Mirage maintaining steady sales despite industry-wide declines in small car demand.
