Only 1 New Car Model in the United States Cost Less than $20,000

As of July 2023, the Mitsubishi Mirage is the last car model in the United States that can be purchased new for under $20,000. One year prior, nearly a dozen models in the market were available for under $20,000, but now all those models sell for higher prices. Including the Mitsubishi Mirage, there are only five vehicles priced under $25,000 and on average, U.S. vehicle buyers paid around $48,000 for new vehicles, according to Cox Automotive.