Americans are paying more than ever for cars. Cheap models are disappearing | CNN Business
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The end of production for the Nissan Versa means there are no new cars priced under $20,000 — a blow to some Americans who may find themselves priced out of the market.
  • reddig33@lemmy.worldEnglish
    0·
    1 month ago

    Because Chinese cars are priced at a loss to corner the market and put competition out of business.

    Meanwhile VW and other manufacturers make smaller more affordable cars, but they don’t sell them here.

    • pachrist@lemmy.worldEnglish
      0·
      1 month ago

      That’s because the goal isn’t to sell you a car, it’s to saddle you with a $50K debt obligation they get to sell off.