The Disappearance of Affordable Cars: None Left Under $20,000

It is often said that you don’t realize the value of something until it’s gone. In the case of inexpensive cars, this sentiment has become increasingly apparent. In 2020, it became evident that affordable cars were slowly disappearing from the market. At that time, there were still 17 brand new cars available for under $20,000. However, as time went on, this number dwindled significantly.

The Decline in Affordable Cars

By late last year, the options for purchasing a brand new car under $20,000 had decreased to just six models. A few months ago, this number further decreased to only four. Now, the situation has worsened even more.

No New Cars Left Under $20,000

Unfortunately, the latest reports indicate that there are no new cars available for purchase under $20,000. This marks a significant shift in the automotive industry, as affordability becomes increasingly scarce.

For more information on this concerning trend and its implications, please read more.