Looking for a new car under $20,000? Good luck. Your choice has dwindled to just one vehicle

girlfreddy@sh.itjust.works to News@lemmy.world – 226 points –
Looking for a new car under $20,000? Good luck. Your choice has dwindled to just one vehicle
apnews.com

At a time when Americans increasingly want pricey SUVs and trucks rather than small cars, the Mirage remains the lone new vehicle whose average sale price is under 20 grand — a figure that once marked a kind of unofficial threshold of affordability. With prices — new and used — having soared since the pandemic, $20,000 is no longer much of a starting point for a new car.

This current version of the Mirage, which reached U.S. dealerships a decade ago, sold for an average of $19,205 last month, according to data from Cox Automotive. (Though a few other new models have starting prices under $20,000, their actual purchase prices, with options and shipping, exceed that figure.)

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It's still cheap, only 20x the minimum wage

At least if you consider that in my country the cheapest is 50x the minimum wage

The minimum wage is not $1,000 anywhere in the United States.

At the absolute worst min wage, the car is 2x the minimum wage.

How are people up voting this. Can people not do 1st grade basic math? This is just incorrect

Maybe the car is 0 dollars then the math checks out.