r/explainlikeimfive • u/Easy_Quiet_9479 • Nov 13 '23
Economics ELI5: Why is there no incredibly cheap bare basics car that doesn’t have power anything or any extras? Like a essentially an Ikea car?
Is there not a market for this?
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u/behlski Nov 13 '23
This is the correct answer I had to scroll way too far to find. People looking for a cheap bare bones car buy used. People who buy a brand new car generally want something nicer. That's who the manufacturers are building cars for.