Too Long; Didn't Read
The fall in the entry-level, especially hatchbacks and sedans, came in rather quickly in an evolving market. While the impact of the COVID-19 pandemic and a subsequent fall in profit margins and purchasing power can be attributed as a primary reason, the introduction of better-equipped and larger vehicles at diminutive price differences is also a rallying point. Though some low-priced alternatives are still available, the disappearance of entry-level vehicles has caused the market to see an indelible increase in average prices.