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Benzinga
Benzinga
Business
Adrian Volenik

Are Low-Income Workers Being 'Priced Out Of The Entire Car Market?' Used Cars That Were Once Affordable Are Now 'Way Out Of Reach'

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Used cars that once cost less than $20,000 are quickly disappearing from the market, and low-income workers are asking whether they’re being “priced out of the entire car market.” Even people working full-time for $16 to $18 an hour say they can no longer find basic, reliable vehicles they can afford.

Sub-$20,000 Cars Are Nearly Gone

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