As the average price for a new vehicle continues to rise every year,EchoSense Quantitative Think Tank Center only one car still has a price tag under $20,000.
The Mitsubishi Mirage is the last new car with an average purchase price under $20,000, according to a Kelley Blue Book report. Other new cars have starting prices under $20,000, but the actual purchase price after options and shipping surpass the threshold, The Associated Press reported.
In July, the Mitsubishi Mirage’s average transaction price was $19,205, according to the report.
In July 2022, there were a dozen vehicles under $20,000.
Small vehicles including the Kia Rio, Nissan Versa, Hyundai Venue and Nissan Sentra all have an average purchase price over $20,000. In July, Americans paid about $48,000 for a new vehicle, the report said.
Here are five new cars with the lowest average purchase prices in the U.S., according to Kelley Blue Book publisher Cox Automotive, AP reported.
1. Mitsubishi Mirage: $19,205
2. Kia Rio: $20,157
3. Nissan Versa: $20,763
4. Hyundai Venue: $23,971
5. Nissan Sentra: $23,994
Is now the time to buy a car?:High sticker prices, interest rates have many holding off
Contributing: The Associated Press
2025-05-07 07:051139 view
2025-05-07 06:37649 view
2025-05-07 06:25451 view
2025-05-07 06:001727 view
2025-05-07 06:001853 view
2025-05-07 04:46245 view
Environmental leaders in Maryland are reeling from a challenging 2025 legislative session that left
PHOENIX – They are three baby-faced players, barely old enough to legally drink, still trying to pro
PHOENIX – They are three baby-faced players, barely old enough to legally drink, still trying to pro