Yahoo Autos 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
