Only 3 new cars under $20,000 in 2023
They are the only ones father new car for sale in the US available for under $20,000. In general, it is difficult to sell small cars at a good profit in the US.S., and automakers want to make a good profit when they sell cars. So most of them ignore the people (ew!) who don’t have a lot of money to buy a car, leaving those people looking for the deepest stuff. Facebook Market For used cars, it’s a bit difficult to buy right now.
In case you lost it:
EQUAL Gary Gastelu As pointed out in a recent post, the average price of a new car fell by about $500, to $48,008, a really confusing expense for many people, especially when it comes to borrowing costs. continue to increase.
However, don’t despair, there are still a handful of affordable options out there. Let’s list them:
Mitsubishi Mirage — $17.65
Kia Rio/Rio5 — $17,875
Nissan Versa — $16,925
That’s it. Those are all cheap cars. It’s been a long time since I’ve driven any of them, but if my memory works, none of them are terriblethey even there are people who protect them, but we’re far from an era when the American market is flooded with cool, fun, thoughtful cars for the frugal.
In theory, higher interest rates and high used car prices could spur some new buyers to seek the lowest possible down payment and increase demand for cars like these. But I just don’t see it. None of these products are selling particularly well, all of which are significantly lower in price compared to last year, and none of the products are hugely profitable for the companies that make them. In addition, the cost of rent, transportation and food continued to rise while wages remained virtually unchanged. It’s hard to imagine a future for cheap subcompact cars like this in the US.