The Discontinuation of the Mitsubishi Mirage: A Step Back for Affordable Cars

Affordability might not be dead, but the Mitsubishi Mirage is. While it was an affordable option, the automaker has confirmed that there will be no 2025 model year for the Mirage. Consequently, production has already ceased for the U.S. market, and the existing dealer stock is anticipated to last well into next year.

Mitsubishi has previously engaged in a similar pattern with the Mirage, essentially alternating sales of the budget-friendly subcompact hatchback and Mirage G4 sedan every other model year, supplemented by small dealer stock. However, this time, Mitsubishi is not implying any temporary pause concerning the Mirage’s return; instead, it is labeling the Mirage a “mirage,” indicating its discontinuation.

While few may mourn the loss of the Mirage, which is both tiny and under-powered with its 78-hp three-cylinder engine paired with a continuously variable automatic transmission, its discontinuation symbolizes a loss of affordable options in the market. More importantly, it highlights an increasing challenge: affordable new vehicles are becoming less accessible, with models starting below $20,000 becoming rare.

The $17,840 Mirage hatchback and $18,940 Mirage G4 sedan are no longer available, leaving buyers with limited subcompact car choices. The remaining options include the Fiat 500e EV ($34,095), Nissan Versa ($17,820), and the anticipated 2025 Mini Cooper starting around $30,000. Furthermore, some compact sedans start at around $20,000, but these options are declining as well, with manufacturers favoring the production of subcompact SUVs that offer better price points and perceived value.

For those in search of a new car with a warranty at an affordable price, the current trends are concerning. The automotive landscape is reshaping, making it crucial to understand these changes and seek available options diligently.