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flag Automakers are cutting low-cost new cars under $30,000 due to higher costs, demand for premium models, and EV investments.

flag Automakers are reducing the number of new vehicles priced under $30,000, driven by rising production costs, shifting consumer preferences toward higher-end models, and increased investment in electric vehicles and advanced technology. flag This trend has led to fewer affordable entry-level options in the U.S. market, making it harder for budget-conscious buyers to find new cars within that price range.

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