Summary

  • Demand for subcompact cars in the US is declining, while light pickup trucks, crossovers, and SUVs are becoming more popular.
  • Rising commodity costs, higher labor costs, and shortages of parts have led automakers to prioritize the assembly of more profitable vehicles.
  • The used car market is becoming a better option for affordable entry-level cars, as new cars under $20,000 are increasingly rare to find.