There's only 1 new car under $20,000. Here are 5 cars with the lowest average prices in US

2024-12-26 11:05:10 source:lotradecoin advanced order types category:reviews

As the average price for a new vehicle continues to rise every year, 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.

New cars under $25,000

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

More:reviews

Recommend

Sabrina Carpenter reveals her own hits made it on her personal Spotify Wrapped list

Can you guess which artist made Sabrina Carpenter's Spotify Wrapped? The answer initially made the "

Virginia Democrats are sending gun-control bills to a skeptical Gov. Youngkin

RICHMOND, Va. (AP) — Dozens of pieces of gun-related legislation that advocates say will bolster pub

Coca-Cola debuts spicy raspberry soda amid amped-up snack boom

Coca-Cola has unveiled a spicy, fruity twist on its classic soda, as snacks and drinks with amped-up