Only one new car in the U.S. now sells for under $20K

The Mitsubishi Mirage is currently the only new car with an average sale price under $20,000.
Automakers have shifted focus away from compact and subcompact cars toward more profitable SUVs and trucks.
The average new car price in the U.S. is now over $48,000, up 25% since before the pandemic.
Mirage sales have been slow, and Mitsubishi may discontinue the model.
Used car prices have also risen, with few options under $20K.