The Chevrolet Spark is now the only car you can buy for under $15G
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Despite the economic effects of the coronavirus pandemic, the average price paid for a vehicle in the U.S. reached a record of $38,000 in December, according to J.D. Power.
That's an increase of nearly 20% since 2015, when the figure was just shy of $32,000.
Back then the cheapest new car on sale was the $12,815 Nissan Versa, and there were half a dozen you could get for under $15,000.
Today, several mainstream brands, including Ford, Honda, Mazda and Toyota, don't even offer any vehicles for less than $20,000 (including destination fees), and there's just one left in the sub-$15,000 range.
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Following a price increase for the Mitsubishi Mirage from $14,990 to $15,565 for the 2021 model year, the South Korea-made Chevrolet Spark is now the cheapest car on sale at $14,395.
That gets you a four-door microcompact with a 98 hp four-cylinder engine and 5-speed manual transmission. An automatic adds $1,100 and checks out at $15,495, making it $100 less than the manual-equipped Mirage, which comes with a 78 hp three-cylinder. The Versa, which was fully redesigned last year, starts at $15,855.
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Unfortunately, if you're looking for a Chevrolet with a little more room you're going to have to pony up a lot more money. Chevy discontinued the Sonic subcompact hatchback and sedan for 2021, leaving the Trailblazer subcompact utility vehicle as its next most affordable option at $19,995.
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