00:00As of this year, 2024, the next model year, there are going to be no economy cars under $20,000.
00:06Everything's going to be $22,000 to $23,000.
00:09We're talking base model, crank windows, nothing, just a basic economy car.
00:14Why is the price so high? Why is it going higher?
00:17Everybody keeps saying it's like the cost of goods and supply chains, but it's BS.
00:20It's all corporate greed.
00:22They can make a good quality car from right around $12,000 to $15,000.
00:26They've been doing it for decades, but for some reason now, you know, they want to blame it on inflation.
00:31This is where they're going, and this is kind of the squeeze it's putting on the used car market.
00:36So every time somebody complains that used car prices are not going down, that they should be because they see used cars everywhere,
00:42it's because those people traditionally would go buy a $15,000 to $20,000 new car or mid-price car,
00:47and now, I mean, you can't even get the cheapest of the cheapest economy car for under $20,000.
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