Last remaining new car below $20,000 in U.S. to disappear by end of summer

The last remaining car selling for less than $20,000 in the U.S. is expected to disappear from dealers’ lots in the coming months.

The Mitsubishi Mirage — a five-seat hatchback sedan — sells for an average of $18,484. The model was discontinued in June, and inventory is rapidly dwindling, with less than 1,700 vehicles available across the U.S., according to Kelley Blue Book, a vehicle valuation and research company.