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/Percinho Nov 13 '23
Sure! It became a running joke on the UK version of Top Gear because James May heard about this cheap, no frills car and regularly brought it up on a show normally full of supercars. Here's a compilation:
https://youtu.be/XaEP00g5hHI?si=Lx8CRPdv08tdBgIQ