Here’s why there are so few new cars for under $30,000

Affordable cars under $30,000 are being dwarfed by amenity-stuffed, high-end models, new data shows

Affordable car inventory growth is falling behind pace for all car inventories, according to a new Cars.com report. Budget-friendly cars are predominantly imported, meaning they are susceptible to tariff-induced price hikes. Some cars once under $30,000 may have jumped into a more expensive category as a result. Sweeping tariffs are making it harder to buy cheaper cars, industry experts warn. Inventories for cars under $30,000 have stagnated at …

Here’s why there are so few new cars for under $30,000

Five years ago it was a lot easier to buy a car for less than $30,000.