The average transaction price for a new car has rocketed past $50,000 again. — Bloomberg/Getty Images
Need a fresh set of wheels? It’s a tough time to buy an affordable car.
In April, the average list price for a new vehicle accelerated past $50,000, per CarGurus. High prices are forcing Americans into some scary-looking finances, too. The average monthly payment has stayed well above $750, and the average loan term is inching toward seven years.
Meanwhile, the supply of lower-priced new cars is shrinking. Cox Automotive data shared with Business Insider shows the affordable end of the new-car market has narrowed over the past year.
In April, Cox counted 20 models with average transaction prices below $30,000, down from 27 last May. Four of those models had average MSRPs above $30,000, suggesting some vehicles are falling below the threshold only because of discounts. Six had incentives above the national average of 6.7%, another sign that deals are helping keep some models in affordable territory.
Still, the cheap new car isn’t fully extinct yet. A small group of new cars still starts below $25,000 — at least before mandatory destination fees, taxes, options, and dealer markups factor in.
Here are the 11 lowest-priced new cars on sale today.
Hyundai Venue: Starting at $20,550
Hyundai’s Venue, with a starting price just above $20,000, is America’s lowest-cost vehicle. — Hyundai
Hyundai’s Venue is the lowest-priced new vehicle on sale in the US. The diminutive SUV starts at $20,550, and even the top SEL trim starts at $22,825 before destination.
Chevy Trax: Starting at $21,700
Chevy’s subcompact crossover, the Trax, was the brand’s third-most-popular car in the first quarter of 2026. — Chevrolet
Chevrolet’s Trax got a facelift for the 2024 model year while keeping a lower starting price than many rivals. The base LS trim starts at $21,700 before destination, while the 2RS and ACTIV trims round out the lineup at higher price points still within the sub-$25,000 range.
Note: All prices are manufacturer suggested retail prices (MSRP) before destination fees, taxes, options, and dealer markups. Actual transaction prices may vary.