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Here’s why there are so few new cars for under $30,000
(arstechnica.com)
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tl;dr: its tariffs, duh.
capitalism. it’s capitalism.
The article doesn't really mention it, but it's also partly due to the OEMs cancelling a lot of new programs over the last year. Running existing equipment, which has already paid itself off, for a few extra years leads to slightly cheaper vehicles.