High inflation makes many things more expensive. This includes cars. It's hard to find a car that doesn't put a serious dent in your finances. For the 2023 model year, there are no new American cars under $20,000.
What is the cheapest car available in 2023?
2023 Nissan Versa | Nissan
If you want to buy a new 2023 model car for less than $20,000, your only options are cars from Japanese and Korean automakers. All new cars in America cost over $20,000.
As detailed by KBB, the cheapest new car is the 2023 Nissan Versa subcompact, with a suggested retail price of $15,730. The second and his third most affordable car is also a subcompact. The 2023 Mitsubishi Mirage ($16,245 MSRP) and the 2023 Kia Rio ($16,550 MSRP).
Here are the 10 cheapest new cars available in the US in 2023.
2022 Chevrolet Spark | Chevrolet
In addition to high inflation, another reason why there won't be any new cars in America below $20,000 in 2023 is the growing prevalence of trucks and SUVs. The list of most affordable cars is dominated by subcompact and compact sedans and hatchbacks. Hyundai Venue and Kia Soul subcompact crossover SUVs are the only exceptions.
But American automakers have done away with most of the affordable sedans and hatchbacks. The 2022 model marks the end of an era. In 2022, his will be the only American car priced below his $20,000. That's his Chevy Spark subcompact for 2022, with MSRP starting at his lowest price of $13,600. However, Spark has been discontinued and will not be available for 2023 models.
What are the cheapest American cars available in 2023?
2023 Ford Maverick | Ford
The cheapest American car available for model year 2023 is the 2023 Ford Maverick Compact Pickup Truck. Starting price is $22,195 MSRP. Maverick was a huge success. Maverick sales are very high, partly because of their affordability.
The Chevy Trax subcompact crossover SUV may have been the most affordable 2023 American car. Pricing for his 2022 version of Trax starts at $21,700 MSRP. However, Chevrolet is set to release his next-generation 2024 Trax in Spring 2023, so it's possible he'll skip his 2023 model for the Trax. Pricing information is not available for the 2024 Trax, but the 2022 model year.
Another affordable new American vehicle is the 2023 Chevy Trailblazer Subcompact Crossover SUV ($22,100 MSRP). Also one of his few sedan holdouts, the midsize 2023 Chevy Malibu, starts at his MSRP of $25,000.
However, if you want a new car under $20,000, you should get a car from a Japanese or Korean car brand.The days of new American cars under $20,000 are long gone.
