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The price of this used subcompact has climbed 50%.  here’s why


No, you don’t see it. Prices for used units of the Mitsubishi Mirage subcompact rose 49.9% in August, as the semiconductor chip shortage continued to dampen supplies of new and used cars.

The Mirage starts at $ 16,290 new.
(Mitsubishi)

According to the latest market research by iseecarsc.om, the average selling price during the month for a Mirage was $ 13,398, which is $ 4,457 more than last year.

The economy model is one of the cheapest vehicles in the United States, starting at $ 16,290 new.

The price of this used subcompact has climbed 50%.  here’s why

The Spark is the cheapest new car on sale today.
(Chevrolet)

The Mirage was closely followed on the list by the electric Nissan Leaf with an increase of 46% and the Chevy Spark, which is the cheapest new car currently on sale and fetching prices 44.7% higher. than in 2020.

The industry average for the month was 26.2% and it seems the best way to beat it was to spend more money on a luxury SUV.

The Mercedes-Benz GLC recorded the smallest increase at 8.0%, followed by the Audi SQ5 (9.1%) and the Volvo XC90 (9.3%).

Although the overall average has fallen sharply from June and July, the relative relief may be short-lived.

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Manheim’s latest report on wholesale used car prices saw them start to rise in September after several months of decline.

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