Mitsubishi Mirage Earns the ALG Pre-Owned Value Award
The Mitsubishi Mirage has recently earned the 2020 ALG Pre-Owned Value Award. It won for having the lowest forecasted depreciation in the Subcompact segment.
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Specifics on the ALG Pre-Owned Value Award
Each prestigious 2020 ALG Pre-Owned Value Award went to a vehicle that had the lowest forecasted deprecation between the ages of two years old and five years old in its segment. Specifically, the forecasted depreciation covers the period of time between 2019 and 2022.
ALG is the analytics subsidiary of TrueCar, Inc. as well as the benchmark for forecasting the future values of vehicles. It honors the vehicles in 27 different segments that are aged two to five years old and are forecast to have the least depreciation during the following 36 months while in the used market.
AGL’s proprietary automotive segmentation dictates vehicle segmentation by looking at vehicles’ cross-shop information, transaction price, and vehicle size.
Based on its EPA-estimated mileage rating, the Mitsubishi Mirage is the most fuel-efficient, gasoline-powered vehicle in the U.S. Its engine gets an impressive EPA-estimated 43 mpg on the highway when it pairs with the optional continuously variable transmission.
The starting price point of the Mirage is also an affordable $13,795. In addition, a number of Mitsubishi warranties back the car, including a fully transferable 5-year/60,000-mile new vehicle limited warranty, a 5-year/unlimited mile roadside assistance, 7-year/100,000-mile anti-corrosion perforation limited warranty, and a 10-year/100,000-mile powertrain limited warranty.
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Mitsubishi still hasn’t released the 2020 Mitsubishi Mirage. However, so far, the automaker has revealed that the car will still retain many features from the previous model year and will also gain Automatic Climate Control.