U.S. consumers looking for the least expensive new vehicle option are facing both bad and good news.

The bad news is that the U.S. market no longer has a new vehicle with an average MSRP below $20,000. According to Kelley Blue Book, the all-but-gone Mitsubishi Mirage was the last hope. 

The good news is that the new cheapest car, the Nissan Versa, carries a fairly reasonable MSRP of $22,315. But the other bad news is that the Versa is dead.

As Kelley points out, Nissan reportedly ended production of the Versa in December. Josh Clifton, senior product communications manager for the automaker, revealed to The Drive that the Versa died so Nissan’s product strategy could live.

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