Why Cheap Cars Are Going Incredibly Expensive?

Historically speaking, some of the most popular car models like the Ford Mustang and the Volkswagen Beetle were also accessible for many people and considered relatively inexpensive at the time. Dubbed ‘the people’s cars’, affordable cars have been leading the market for decades, but this picture is starting to change rapidly, and statistical data shows a stark increase in vehicle pricing in the past few years. But why are cheap cars becoming ‘extinct’?

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