Volkswagen is interested in gaining market share selling new cars for under $5000. Their production facilities in China manufactured more than a half million cars last year. They are currently test marketing these low-cost vehicles in Australia. Their Volkswagen Polo Classic promises to provide stylish sophistication and performance without breaking the bank. Although these new cars are not under $5000 yet, that could change at any moment based on market conditions. Volkswagen is blazing the trail with their Australian debut of their Chinese vehicles which are the first to test the water in any Western market.
Videos for New Cars for Under $5000
Although new cars for under $5000 may take years to arrive, inexpensive vehicles are already on their way. A New York based company known as Visionary Vehicles LLC has already inked a deal with Chery Automobile Co. which should lead to nearly a quarter million cars being sold in the US in upcoming years. The company’s founder is none other than Malcolm Bricklin who is best known for introducing the United States to Subaru way back in 1968. These new vehicles will be competitively priced and should cost up to 30% less than vehicles currently being sold in the US.