“Based on S&P Global Mobility analysis of registration data since 2017, the US market has seen a significant decline in the share of new vehicles registered below a $30,000 price point. In just seven years, the percentage of vehicles registered with an MSRP below $30,000 has decreased from half the market to barely one-quarter – with vehicles in the $41,000-$60,000 band taking up nearly the entirety of that vehicle count.“
