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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 2 comments | 29 Jun 25 15:59 UTC | HN request time: 0.399s | source
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aorloff ◴[30 Jun 25 01:46 UTC] No.44418386[source]▶
Nobody else has said it so I guess I will.

The reason the US car industry does not want a $25k car is that the financing opportunities are crap for a car of this low cost.

In the same way that airlines exist to offer you a miles based credit card, the US car dealerships survive by offering you a loan for the car. Or perhaps, a car to go with your structured finance opportunity.

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1. haskellandchill ◴[30 Jun 25 02:37 UTC] No.44418699[source]▶
proud owner of a financed 2024 manual nissan versa here :) but yeah the dealership made almost no money and I put down a deposit when it was a couple months from coming in at a location far from where I live. it's a $20k car though.
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2. droopyEyelids ◴[30 Jun 25 04:21 UTC] No.44419340[source]▶
There was a finance charge on your loan that was probably around $1k so that's 5% the dealer made right there instantly for no work