This used subcompact car's price has spiked 50%. Here's why
Fox News
Used car prices for the Mitsubishi Mirage were up 49.9% in August as vehicle shortages continue to send values sky high.
The budget model is one of the lowest-priced vehicles in the U.S., starting at $16,290 new.
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.
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