Looking for a new car under $20,000? Good luck. Your choice has dwindled to just one vehicle.

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Shopping Looking for a new car under $20,000? Good luck. Your choice has dwindled to just one vehicle. With prices — new and used — having soared since the pandemic, $20,000 is no longer much of a starting point for a new car. Mitsubishi sales person Matthew Boston walks past a new Mitsubishi Mirage for sale at El Cajon Mitsubishi on Tuesday, Aug. 8, 2023, in El Cajon, Calif. AP Photo/Gregory Bull DETROIT (AP) — Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000....