The $25k car is going extinct?

(media.hubspot.com)

319 points pseudolus | 1 comments | 29 Jun 25 15:59 UTC | HN request time: 0.206s | 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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socalgal2 ◴[30 Jun 25 06:18 UTC] No.44420030[source]▶

>>44418386 #

unless there's illegal collusion, someone will see a market opporunity and step in to fill it.

That said, a quick search for new cars under $25k: Chevrolet Trax $20.5k, Nissan Versa $17.2k, Hyundai Venue $20.5k, Kia Soul $20.5k, and Nissan Kicks $22k. Other options include the Toyota Corolla $22.3k, Hyundai Elantra $22.1k, and Volkswagen Jetta $22.5k

I think maybe the article is BS?

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1. AngryData ◴[30 Jun 25 07:01 UTC] No.44420314[source]▶

>>44420030 #

There is market opportunity, China has found it, but the US won't allow them to be imported because it undercuts everyone else so thoroughly. The US automotive market is extremely far from being a free and open market. You can't just build a car to a set of standards and automatically be allowed to sell them, there are substantial legal and political barriers that cost tons of money to overcome, which doesn't make financial sense to anyone with that amount of money to just sell low margin vehicles.

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