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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 1 comments | 29 Jun 25 15:59 UTC | HN request time: 0.224s | 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]▶
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. potato3732842 ◴[30 Jun 25 11:28 UTC] No.44421958[source]▶
It's not "illegal collusion" when you pay off your lobbyists to get them to legislate the status quo into place.