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Motor1
Motor1
Business
Jeff Perez

Cheap Cars Are Dead

By the end of next year, there might not be a single new car in America that costs less than $20,000. The Mitsubishi Mirage and Kia Rio are headed to the big junkyard in the sky, as will the Nissan Versa. They'll follow nearly a dozen other cars in the sub-$20,000 category that have died off since 2019 in a mass exodus from affordability.

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