Summary
- Mitsubishi will likely stop production of the Mirage, a cheap subcompact hatchback, in late 2025, removing one of the few new cars under $20,000 from the U.S. market.
- Sales of the Mirage have been declining, with a 44% drop in deliveries in the first half of 2023 and a 31% drop in 2022, indicating a shift towards larger vehicles such as SUVs and crossovers.
- It is uncertain what will replace the Mirage, but the Nissan Versa currently holds the title of the cheapest new car in the U.S., starting at slightly under $16,000 with a manual transmission. The demise of the Mirage leaves little option for consumers seeking a small, basic daily driver.