Well, it’s a tough time to buy an affordable car.
In April, the average list price for a new vehicle accelerated past $50,000, per CarGurus.
High prices are forcing Americans into some scary-looking finances, too.
The average monthly payment has stayed well above $750, and the average loan term is inching toward seven years.
Meanwhile, the supply of lower-priced new cars is shrinking.
Cox Automotive data shared with Business Insider shows the affordable end of the new-car market has narrowed over the past year.
In April, Cox counted 20 models with average transaction prices below $30,000, down from 27 last May.
Four of those models had average MSRPs above $30,000, suggesting some vehicles are falling below the threshold only because of discounts.
Six had incentives above the national average of 6.7%, another sign that deals are helping keep some models in affordable territory.
Still, the cheap, new car isn’t fully extinct yet.
A small group of new cars still starts below $25,000 — at least before mandatory destination fees, taxes, options, and dealer markups factor in.
Here are the 11 lowest-priced new cars on sale today.
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