Mitsubishi plans to discontinue the Mitsubishi Mirage in the U.S. market, ending the vehicle's 46-year run to focus on other core models.
Sales of the Mirage have been falling off as consumers opt for cars with more horsepower and bolder body styles.
The average price of a new car in the first quarter of 2024 was $48,510, over 50% higher than a decade ago.
Detroit's Big Three automakers have been phasing out compact cars due to low profit margins and consumer preference for SUVs and trucks.
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