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The most affordable US-made car under $35,000
New York Post • • business
Key Points:
- The average price of a new car in the U.S. is approaching $50,000, with Kelley Blue Book reporting a May average of $49,220 and Cars.com confirming prices just above $50,000, reflecting a 1.2% year-over-year increase.
- Inflation, currently around 4.2% to 4.3% year-over-year, combined with rising manufacturing costs and consumer demand for high-end features like leather trims and advanced entertainment systems, is driving up car prices.
- There is growing demand for electric and fuel-efficient vehicles, which tend to be more expensive, exemplified by models like the Lexus NX and Kia EV6 priced in the $50,000+ range.
- Despite high prices, affordable options remain available, with companies like Stellantis planning to release multiple new models under $40,000, including several under $30,000, to meet budget-conscious buyers' needs.
- Popular affordable American-made cars include the Toyota Corolla LE ($24,420), Honda Civic LX ($25,890), Toyota Corolla Cross L ($26,830), Subaru Crosstrek Base ($28,415), and Nissan Altima SV ($28,825), all offering solid fuel efficiency and modern tech features.
