2012 Mitsubishi Eclipse Gs Sport Only 6k Miles - No Reserve! on 2040-cars

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2014 Mitsubishi Mirage

This could have been something great. Last fall, Mitsubishi slapped its triple-diamond badge on a dainty little hatchback called Mirage, offering plenty of functionality and 44 miles per gallon on the highway, all starting at a super-low $12,995. For budget shoppers, this seemed to be a good thing - not to mention a much-needed breath of fresh air for the company's waning US automotive arm.
I will fully admit to being a bit harsh on the Mirage following its debut at the 2013 New York Auto Show, often making it the butt of jokes with my colleagues. But at the end of the day, I love cheap, basic, honest little cars like this, and I wasn't prepared to write off the Mirage until I spent some time behind the wheel. After all, on paper, a Mazda2 looks pretty unremarkable, and yet it's one of my favorite small cars to drive.
Much as I wasn't looking forward to putting my foot in my mouth, I was sort of hoping to feel the same way about the new Mirage. It's a bland package, but it could have been filled with the same spunky spirit and well-meaning composure of vehicles like the aforementioned Mazda, or even stuff like the Honda Fit or Chevy Spark and Sonic.

Subprime financing on the rise in new car sales, leasing too

We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.
According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963.
At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota, with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1.

Our best look yet at the 2016 Mitsubishi Outlander

Mitsubishi's has been busily clawing its way back from the brink of irrelevancy in the US market for several years. One of its most important models in that mission is the Outlander CUV, and as we can see from these spy photos, it's upcoming refresh is coming along nicely.
The Outlander was last redesigned for model year 2014, so it does feel a smidge early for a refresh. That said, thanks to a rather polarizing front fascia, we aren't totally surprised that Mitsu has gone to work so soon. Based on these spy shots, we wouldn't be totally surprised if the new Outlander borrowed the more attractive face of Outlander PHEV Concept-S, which was shown back in September during the Paris Motor Show.
It's impossible to tell if the rear of the car will borrow the huge, vehicle-spanning taillights of the Concept-S, but like the front end, we'd expect a fairly significant change to the back of the new Outlander. Our spies also captured a few shots of the cabin, although we don't see any dramatic differences from the current vehicle, aside from some different trim pieces.