No, you're not seeing things. Prices for used examples of the Mitsubishi Mirage subcompact were up 49.9% in August as the semiconductor chip shortage continues to throttle new and pre-owned car supplies.
The Mirage starts at $16,290 new. (Mitsubishi)
According to the latest market survey by iseecarsc.om, the average sale price during the month for a Mirage was $13,398, or $4,457 higher than last year.
The budget model is one of the lowest-priced vehicles in the U.S., starting at $16,290 new.
The Spark is the cheapest new car on sale today. (Chevrolet)
The Mirage was closely followed on the list by the Nissan Leaf electric with a bump of 46.% percent and the Chevy Spark, which is the cheapest new car currently on sale and was selling for prices 44.7% higher than in 2020.
The industry average for the month was 26.2% and it looks like the best way to beat it was to spend more money on a luxury SUV.
The Mercedes-Benz GLC had the smallest increase at 8.0%, followed by the Audi SQ5 (9.1%) and Volvo XC90 (9.3%).
Although the overall average was down sharply from June and July, the relative relief may be short-lived.
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The latest Manheim report on wholesale used car prices saw them begin to rise in September after several months of decline.
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October 11, 2021 at 06:23PM
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