Cars return to dealer lots—and interest rates could make them a harder sell.
Photo Illustration: Adam FalkFive years ago, there were a dozen models of new cars that sold for less than $20,000.
In 2023, there was only one: the spartan Mitsubishi Mirage hatchback, which accounted for about 5,300 of the 7.7 million new vehicles sold in the U.S. in the first half of the year.
Persons:
Adam Falk
Organizations:
Mitsubishi
Locations:
U.S