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10th August 2024, 13:41
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There won't beryllium immoderate inexpensive caller cars nether $20,000 from 2025, says report
According to media reports, by the extremity of 2025, determination could beryllium nary caller cars connected connection priced beneath $20,000.
The reports notation however astir automakers are dilatory cancelling their low-margin fund models and concentrating connected the premium conception which has precocious nett margins.
Among the astir caller are carmakers similar Nissan, Mitsubishi and Kia. Japanese brands Nissan and Mitsubishi some confirmed that accumulation of their Versa and Mirage offerings, respectively, volition extremity successful aboriginal 2025. Kia has besides announced the discontinuation of its entry-level model, the Rio sedan and hatchback astatine the extremity of this year.
The study besides states that marketplace trends favour larger cars loaded with features and tech, which results successful them having a higher retail price.
Source: TheCarConnection
