Mitsubishi Mirage

Average New-Vehicle Prices Down 1.4% Year Over Year in October, as Healthy Inventories, Higher Incentives Help Buyers

Retrieved on: 
Monday, November 13, 2023

New-vehicle incentives in October were down 2.2% from September, while new-vehicle incentives are higher year over year by 117%.

Key Points: 
  • New-vehicle incentives in October were down 2.2% from September, while new-vehicle incentives are higher year over year by 117%.
  • Compared to one year ago, when incentives were near historic lows, average new-vehicle transaction prices in October were lower by 1.4%, or approximately $670.
  • Year to date, new-vehicle transaction prices have fallen more than 3.5% as downward price pressure continues to favor buyers in the market.
  • Still, even with the gains in October, average EV prices are down more than $13,000 year over year.

New-Vehicle Transaction Prices Decline Further in September, Led by Price Cuts at Tesla, According to Kelley Blue Book Report

Retrieved on: 
Wednesday, October 11, 2023

Tesla's price cuts have moved the market, pushing electric vehicle (EV) prices down more than 22% year over year, from $65,295 to $50,683.

Key Points: 
  • Tesla's price cuts have moved the market, pushing electric vehicle (EV) prices down more than 22% year over year, from $65,295 to $50,683.
  • The average transaction price of a new vehicle in September was $47,899, down $360 from one year ago (0.7%), according to Kelley Blue Book, a Cox Automotive company.
  • Assuming the UAW strike is short-lived, current inventory levels are healthy enough to prevent any significant impact on consumer prices."
  • For comparison, Kelley Blue Book estimates incentives averaged 10% of ATP in September 2020 and 10.2% in September 2019.

Tobin's Pizza: Great Pizza Deserves a Great Delivery

Retrieved on: 
Wednesday, September 20, 2023

In more than 10 years of partnership with O'Brien Mitsubishi in Normal, Ill., Davis has purchased over 200 Mirages, replacing his fleet of vehicles every year.

Key Points: 
  • In more than 10 years of partnership with O'Brien Mitsubishi in Normal, Ill., Davis has purchased over 200 Mirages, replacing his fleet of vehicles every year.
  • "I've bought thousands of vehicles in my life for my various businesses, and I've never had a more reliable car," said Davis of the Mitsubishi Mirage.
  • "Out of the over-200 Mirages I've bought, I've had only two issues – and that's with four million miles of use under the tires so far.
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New-Car Prices Virtually Flat Year Over Year in August Due to Declining Electric Vehicle Prices, Tesla Price Cuts, According to Kelley Blue Book

Retrieved on: 
Tuesday, September 12, 2023

Tesla price cuts continue to lead electric vehicle (EV) prices lower.

Key Points: 
  • Tesla price cuts continue to lead electric vehicle (EV) prices lower.
  • The average transaction price of a new vehicle in August was $48,451, up only $42 from one year ago, according to Kelley Blue Book, a Cox Automotive company.
  • Led mostly by aggressive price cuts from Tesla, luxury vehicle prices last month were down 3.3% year over year.
  • For comparison, Kelley Blue Book estimates incentives averaged 10.8% of ATP in August 2020 and 10.5% in August 2019.

Kelley Blue Book Analysis: Average New-Vehicle Transaction Prices Up Less Than 1% Year Over Year, Smallest Increase in Decade

Retrieved on: 
Wednesday, August 9, 2023

Compared to the start of the year, transaction prices are down 2.7%, or $1,335, the largest January to July tumble in the past decade.

Key Points: 
  • Compared to the start of the year, transaction prices are down 2.7%, or $1,335, the largest January to July tumble in the past decade.
  • "New-vehicle prices, primarily driven by cuts in luxury and electric vehicles, are decreasing as inventory is steadily improving.
  • According to Kelley Blue Book estimates, the lower prices at Tesla are likely helping with sales volume.
  • For comparison, Kelley Blue Book estimates incentives averaged 5.9% of ATP in July 2021 and 10.3% in July 2019.

Latest driver death rates highlight dangers of muscle cars

Retrieved on: 
Thursday, July 13, 2023

Eighteen of the 23 vehicles with the lowest driver death rates are minivans or SUVs, and 12 are luxury vehicles.

Key Points: 
  • Eighteen of the 23 vehicles with the lowest driver death rates are minivans or SUVs, and 12 are luxury vehicles.
  • “The muscle cars on this list highlight that a vehicle’s image and how it is marketed can also contribute to crash risk.”
    IIHS has been calculating driver death rates approximately every three years since 1989.
  • But three Dodge muscle cars with excessively high driver death rates also rank among the worst performers when it comes to other-driver deaths, suggesting these vehicles are driven in an aggressive manner.
  • Several of the luxury vehicles with the lowest driver and other-driver death rates pack nearly as much horsepower as some of the muscle cars that rank among the worst performers.

2023 Mitsubishi Outlander Plug-in Hybrid & Mirage Honored by Money.com Among "Best Autos of 2023" Awards

Retrieved on: 
Thursday, May 25, 2023

FRANKLIN, Tenn., May 25, 2023 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA), today announced its popular Outlander Plug-in Hybrid SUV and Mirage subcompact won two of Money's Best Autos of 2023 awards.

Key Points: 
  • FRANKLIN, Tenn., May 25, 2023 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA), today announced its popular Outlander Plug-in Hybrid SUV and Mirage subcompact won two of Money's Best Autos of 2023 awards.
  • Mitsubishi Motors' flagship Outlander Plug-in Hybrid added to its growing list of awards, earning Money's Best for Safety honor in the Plug-in Hybrid SUV category, and the 2023 Mirage took top honors for Best Value for a subcompact car.
  • Combined with its sedan counterpart, the 2023 Mitsubishi Mirage G4, both vehicles offer buyers a compelling blend of updated styling, enhanced safety, versatility, and value.
  • In terms of the Mitsubishi Mirage, Trop went on to say, "Priced from little more than $16,245, the Mitsubishi Mirage is an economical subcompact car with excellent fuel efficiency."

World Premiere of Mitsubishi Motors' Compact SUV Concept Car: The Mitsubishi XFC Concept

Retrieved on: 
Wednesday, October 19, 2022

TOKYO, Oct 19, 2022 - (JCN Newswire) - Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) today held the world premiere of the Mitsubishi XFC Concept, a compact SUV concept car, in Ho Chi Minh City, Vietnam.

Key Points: 
  • TOKYO, Oct 19, 2022 - (JCN Newswire) - Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) today held the world premiere of the Mitsubishi XFC Concept, a compact SUV concept car, in Ho Chi Minh City, Vietnam.
  • The Mitsubishi XFC Concept is a compact SUV that is not part of the current ASEAN lineup.
  • Despite its compact body size, the Mitsubishi XFC Concept is also designed for utility with ample cargo space.
  • Although it is a compact SUV, the Mitsubishi XFC Concept comes with spacious cabin area.

Mitsubishi Mirage G4 Named 'Lowest Cost To Own' In Ninth Annual Vincentric Best Certified Pre-Owned Value In America Awards

Retrieved on: 
Monday, November 15, 2021

FRANKLIN, Tenn., Nov. 15, 2021 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA) today announced that the Mitsubishi Mirage G4, the most fuel-efficient gas-powered, non-hybrid vehicle available in the U.S., was recognized as the having the lowest cost of ownership in the ninth annual Vincentric Best Certified Pre-Owned (CPO) Value in America Awards.

Key Points: 
  • FRANKLIN, Tenn., Nov. 15, 2021 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA) today announced that the Mitsubishi Mirage G4, the most fuel-efficient gas-powered, non-hybrid vehicle available in the U.S., was recognized as the having the lowest cost of ownership in the ninth annual Vincentric Best Certified Pre-Owned (CPO) Value in America Awards.
  • "The Mitsubishi Mirage G4 outperformed seven other subcompact competitors to earn Lowest Cost of Ownership in its class," said Vincentric President, David Wurster.
  • "The Mirage G4 also had the lowest operating costs and the best fuel economy, which were significant contributing factors to achieving the lowest ownership costs."
  • The Mirage G4 features a 1.2-liter three-cylinder engine that achieves an industry-leading fuel economy of 35 mpg city/41 mpg highway.

Mitsubishi Motors Thailand Achieved Cumulative Production of Six Million Cars

Retrieved on: 
Thursday, March 18, 2021

TOKYO, Mar 18, 2021 - (JCN Newswire) - Mitsubishi Motors (Thailand) Co., Ltd. (MMTh), a manufacturing and sales company of MITSUBISHI MOTROS CORPOLATION (MMC) in Thailand, has reached cumulative production of six million units.

Key Points: 
  • TOKYO, Mar 18, 2021 - (JCN Newswire) - Mitsubishi Motors (Thailand) Co., Ltd. (MMTh), a manufacturing and sales company of MITSUBISHI MOTROS CORPOLATION (MMC) in Thailand, has reached cumulative production of six million units.
  • Exporting vehicles to more than 120 countries throughout the world, MMTh has exported 4.4 million out of the six million units abroad.
  • It reached the milestone of one million total units produced in 2003, two million in 2010, three million in 2013, four million in 2015, and five million in 2018.
  • Mitsubishi Motors has 30,000 employees and a global footprint with production facilities in Japan, Thailand, China, Indonesia, the Philippines and Russia.