America's cheapest car is now even cheaper than it was before

The Mitsubishi Mirage, America’s cheapest car, is now even cheaper.

The little Mitsubishi hatchback/sedan is no longer in production, but you can still buy one.

Actually, the fact it’s going out of production is the main reason why you can buy it for peanuts.

And the price is lower than you might think.

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The reason why America’s cheapest car is so cheap

Mitsubishi said it would no longer produce America’s cheapest car, and it won’t replace it either.

As a result, dealers are now trying to get rid of old stock, which means you can buy one for as little as $16,695.

And it gets better because that’s just the MSRP, meaning dealers are free to slash the price even further if they want to sell cars that are technically new but maybe they’ve been sitting in warehouses and dealer lots for ages.

With a little luck, you may be able to find one for $13,000 or less.

Here’s why the Mitsubishi Mirage won’t be replaced

Mitsubishi is going to discontinue the Mirage because it’s not selling, nor is it profitable.

Why? Well, people just don’t buy hatchbacks and sedans anymore.

According to S&P Global Mobility, a market trend researcher, the number of passenger cars on the road in the US has fallen below 100 million for the first time since the 1970s, and that’s because customers are replacing their old sedans/coupes/wagons with SUVs.

This is happening across the board.

The best-selling vehicle in North America last year was an SUV, the Toyota RAV4 (pictured below).

The second best-seller was the Ford F-150, which is a truck.

In fact, you have to go all the way down to number six to find the first sedan, which was the Toyota Camry.

And then we have vehicles that used to be sedans but are now SUVs.

For example, Ford decided to use the Mustang nameplate for an SUV, the Mach-E, which is actually outselling the ‘normal’ Mustang.

With that in mind, we wouldn’t be surprised if Mitsubishi decided to reinvent the Mirage as an electric SUV a few years down the road.

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