The Decline of Affordable New Cars in the Current Market

It’s a tough time for those looking for affordable new cars in the current market. Just a year ago, there were seventeen options available in the U.S. market for under $20,000. However, a recent analysis revealed that this number has dwindled down to just six.

The Impact of Price Increases

One major factor contributing to this decline is the rise in prices of popular models like the Kia Soul, which has now surpassed the $20,000 mark. Additionally, the discontinuation of models like the Rio has further limited the options for budget-conscious buyers.

The Future of Affordable Cars

As the trend of rising prices continues, it’s becoming increasingly challenging to find new cars priced under $20,000. With only a handful of options left in this price range, consumers may need to explore alternative solutions such as used cars or leasing.

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