The $25k car is going extinct?

In 2004 my parents bought a brand new Skoda Fabia with 40kW engine (around 50hp). The car was pretty basic (no AC, no display etc.) and small, but it served our family of 4 for long time (still does!). The cost was 12.000 Euros. Nowadays the same car starts at 20.000 Euros.

To be fair that's with 20 years of inflation (roughly 1.55x since 2004, €18,600 today), and that car today would have 90+bhp. I'm ignoring things like head unit/ac because they're things you'd probably rather not have and not pay for by the sounds of it.