Since the European market shows no sign of recovery and the oil and gas prices continue to increase, small, fuel-efficient cars are more appealing than ever.
The number of cars priced $15,000 and under has increased by 17%, and the percentage is increasing, according to auto analysts. Of course the small price comes with fewer options and lack of luxury, but this is not a time to be picky.
The list of America's 12 Cheapest Cars includes models such as the Kia Spectra at $12,895, which although cheap can easily compete with the higher-end, inexpensive used cars. The cheapest new car available in the US is the Kia Rio, at $10,890, which features a five-speed manual transmission with a 1.6-liter, four-cylinder engine.
"Generation Y buyers have grown up with technology, conveniences and luxury," says Kim. "They don't want to earn things; they want them now, and they expect them now. Automakers are scrambling to get high-end features into small vehicles."
(Courtesy of In Auto News)
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