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Why cheap cars are disappearing

There are about 40 different car brands in the United States, but one kind of car that appears to be disappearing is the cheap car. Historically, about 20 percent of vehicle sales would have transacted below $20,000; however, they have completely dried up in the last few years. New cars are becoming more expensive, and it is unlikely those cheap cars will ever be back. Buyers looking to get themselves into a new vehicle under $20,000 may be left out in the cold and need to set their sights on the growing used car market.
11:43
Thu, Dec 17 20208:50 AM EST