Although Americans are now buying compact cars in record numbers, there are actually fewer inexpensive models to choose from than just a few years ago, a new report finds. Moreover, all but one domestic automaker has abandoned the sub-$15,000 average transaction vehicle segment all together.
Since 2006, the number of vehicles with an average transaction price of $15,000 or less has decreased by a third. During the three month span from March to May this year, there were 10 cars that fit that criteria — down from 15 during the same period in 2006, according to Winding Road.
That list in 2006 included Ford , Dodge , Pontiac and Scion , all of which were omitted from the current list.
Chevrolet is the lone remaining domestic automaker on the list, taking two spots with its Aveo ($12,258) and Cobalt ($13,888). The rest of the list was rounded out by vehicles from Suzuki , Nissan , Hyundai , Kia and Toyota .
