Top 5 Cheapest New Cars to Buy in America in 2023

By: Dan Cooper

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The Cost of New Cars in the United States

The prices of new cars have increased in recent years in the United States due to the increase in demand and the little supply that exists in the market. The average cost of a new car in the American Union is around 40 thousand dollars, which is equivalent to more than 760 thousand Mexican pesos.

Because of these high prices, auto industry experts predict that Americans will use their cars for longer periods, up to 15 years. However, there are still late-model cars available for less than 20 thousand dollars (380 thousand Mexican pesos), making them more accessible to buyers.

Popular Trends in Car Purchases

Another trend that has occurred in recent years is that consumers no longer want sedan models and are now opting for trucks and SUVs, which tend to be more expensive. However, some companies still offer cheaper sedan models.

The specialized site 24/7 Wall St. conducted an analysis of new vehicles on the market to find the ones that cost the least. The cheapest car on the market in the United States is the Nissan Versa, with a starting price of $15,580 (296,020 MXN). This Nissan sedan is one of the smallest and has only 122 horsepower, characteristics that make it the most economical on the market.

The Best Options for Buyers

In 2022, the Chevrolet Spark was the cheapest car on the market, with a starting price of $14,595. However, it was discontinued in the United States this year. As of 2023, the Nissan Versa has become the new cheapest car on the market.

If you prefer a used car, the best option for 2023 is the Audi e-tron, an electric crossover whose used version can be found for 27.8 percent cheaper than new, at a total price of $59,073.

Conclusion

In conclusion, if you’re looking to save money when buying a car, it’s important to carefully analyze your options and consider purchasing a late-model car or a used vehicle. While the demand for trucks and SUVs is increasing, there are still affordable sedan models available in the market.

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