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Only a few cars in America are selling for less than $20,000

Last week, data begin filtering into the blogosphere suggesting that $20,000 is no longer an adequate sum to park a nice late-model used vehicle in your driveway. Some numbers: in 2019, the average cost of a used vehicle in America stood at $23,351. Just four years later, that number rocketed to $34,491 in 2023. So you won't be surprised by the next piece of info, either. There are only three new vehicles in 2023 with an average transaction price less than $20,000: the Mitsubishi Mirage, Nissan Versa and Kia Rio. According to numbers we sourced from Truecar, last month the average buyer paid $17,099 for a new 2023 Mitsubishi Mirage. That represents a discount of a couple hundred bucks off the price listed on the car's window sticker. The next cheapest car on the list is the 2023 Nissan Versa. With an average transaction price of $17,597 the Versa joins the Mirage as the only cars selling for less than $18,000. Next is the 2023 Kia Rio, which, at $18,069 is actually selling for a few hundred dollars over sticker. And then there's the 2022 Nissan Sentra. Notice that's last year's model, meaning these Sentras have been sitting on the lot for a while, and they still managed to sell, on average, for $22,227 (around $218 under MSRP). Fourth on the list is even older, as leftover 2021 stock of Ford EcoSport crossovers had an average transaction price of $22,407 (that's around $1,600 off for a new but two-year-old car). Here are last month's top 10 cheapest vehicles, listed by average transaction price: 2023 Mitsubishi Mirage — $17,099 2023 Nissan Versa — $17,597 2023 Kia Rio — $18,069 2022 Nissan Sentra — 22,227 2021 Ford EcoSport — $22,407 2023 Subaru Impreza — $22,814 2023 Nissan Kicks — $23,061 2022 Mitsubishi Outlander Sport — $23,490 2022 Ford EcoSport — $24,681 2023 Hyundai Elantra — $25,351 The first piece of advice we'd offer to prospective buyers looking for a decent car at a decent price is to take a good long look at the Subaru Impreza. It's a nice little machine that's a lot more rewarding to drive than anything on the list that's cheaper, and it boasts standard all-wheel drive, too. The 2023 Hyundai Elantra stands out on that list, too. Our second piece of advice is to consider something off this list of low-mileage used vehicles that we've highlighted as better options than anything you'll find new with a sticker that's less than $20,000. And considering the subject of this article, that means the Mitsubishi Mirage.

2022 Mitsubishi Outlander revealed with concept car looks and Nissan underpinnings

The 2022 Mitsubishi Outlander is a pretty big deal for the automaker. It marks the first time since 2014 that the brand's long-running small crossover has had a thorough overhaul and not just a big facelift. It also marks the first Mitsubishi model in the U.S. to take advantage of the company's recent induction to the Nissan-Renault Alliance. The result is a crossover that combines Mitsubishi styling and tuning with mechanical bits shared with Nissan. On the outside, the Outlander looks remarkably similar to the Engelberg Tourer concept shown at Geneva two years ago. It has the huge lower headlight units, strong character lines and distinctive upright rear pillar. Compared to the old model, the new Outlander is a bit larger. It's 0.6 inch longer, 2 inches wider and 1.5 inches taller. The wheelbase is longer by 1.4 inches. Mitsubishi claims that the extra wheelbase has added another inch each for front and rear legroom. Speaking of the interior, it also mirrors that of the concept with the full-width air vent design, and squared off dash, controls and even steering wheel center. The interior is particularly striking in the SEL Touring and SEL trims shown in the gallery with diamond-stitched leather. Those models also get real aluminum trim. Lower models get either cloth or suede accents with piano black trim. Another cool feature is that the various chimes and alerts were developed in collaboration with Bandai Namco. There's no indication of whether you can opt for sounds from "Pole Position" or "Galaga." You can see some of the Nissan influence poke through, as the infotainment screen (available in 8- or 9-inch versions), the shifter and other odd buttons and switches can be found unchanged in vehicles such as the Rogue. That's not a bad thing, though, and they look right at home. The Outlander also boasts the unique feature of having a third row of seats. Various premium amenities will be available, too, such as a 12.3-inch instrument panel, 10.8-inch head-up display, three-zone climate control, heated rear seats, Bose sound system and a panoramic sunroof. Under the skin, the Outlander uses a shared platform developed by the Renault-Nissan-Mitsubishi Alliance. Though not explicitly specified, it should be the platform that also underpins the Rogue as well as the Sentra. The engine is another shared item, with the only offering for now being the naturally aspirated 2.5-liter four-cylinder making 181 horsepower and 181 pound-feet of torque.

Redesigned 2022 Mitsubishi Eclipse Cross gets big updates, small price hike

Mitsubishi has released pricing information for the comprehensively redesigned Eclipse Cross it revealed in late 2020. Positioned at the bottom of the firm's crossover range, the soft-roader will go on sale as a 2022 model. The range consists of four trim levels called ES, LE, SE, and SEL, respectively, and the last two can be upgraded with option packages. Front-wheel drive comes standard, and adding all-wheel drive to any trim costs $1,600. Pricing for the entry-level ES starts at $24,590 including a mandatory $1,195 destination charge. Mitsubishi charges $25,940 for the LE, $27,340 for the SE, and $28,590 for the SEL. The SE with the Panorama package sets buyers back $28,340, while the range-topping SEL with the Touring package is priced at $30,690. For context, the pre-facelift Eclipse Cross started at $24,190. Mitsubishi nudged the price up by $400, but the upgrades are worth the small premium. In addition to a new-look design, the changes include an available eight-inch touchscreen that's more ergonomic to use because it's two inches closer to the driver, a more comfortable suspension system, and a longer list of standard electronic driving aids, including forward collision warning. Power continues to come from a 1.5-liter four-cylinder engine that's turbocharged to 152 horsepower and 184 pound-feet of torque. It spins the front or the four wheels via a continuously variable transmission (CVT). Mitsubishi dealers across the nation will begin receiving the 2022 Eclipse Cross during the first half of 2021. For added peace of mind, every trim level comes with a 10-year, 100,000-mile powertrain warranty. The Cross will be later joined in showrooms by the new Outlander, which Amazon will help the firm unveil on February 16, 2021. Related video: