10 Cars That May Soon Become Unaffordable For the Middle Class
The automobile industry is one of the fastest-growing sectors, constantly advancing with new technology and exciting features. While this progress thrills car enthusiasts, it can also affect affordability. As a result, specific models may become increasingly out of reach for the middle class in the coming years. Here’s a look at ten such cars.
Tesla Model S Plaid
Electric vehicles (EVs) are gaining popularity, driven by technological advances and the luxury market’s appetite for high-performance models. As a result, the Tesla Model S Plaid, currently priced at $89,380, is expected to see a significant price increase within the coming years.
Mercedes-Benz S-Class
With costs continually rising, Mercedes has always been pricey. The 2024 cheapest S-Class is at about $118,000, making it already out of budget for most middle-class buyers. As high-tech features are added and electrification increases, this model will become even more unattainable for the average consumer.
Cadillac Escalade
Combining striking exterior design with spacious interiors, the Cadillac Escalade remains a top choice for those seeking an affordable large luxury SUV. Although it may not have the most robust tech features, its popularity continues to rise, possibly leading to higher costs.
Land Rover Range Rover
This vehicle is known for its capability, luxury, and flair, but it is pricey. The famous 2024 P400 SE model is presently priced at $108,000, while the 2025 version is estimated to cost $115,000. Due to this, the price is expected to keep rising over the years.
Honda Odyssey
Newer Honda models are becoming more expensive, with the 2025 version featuring updated styling and tech enhancements. Luxury features and high-tech add-ons are driving up the prices of minivans like the Honda Odyssey. Due to rising demand and enhanced amenities, inexpensive minivan options may soon be limited.
Jeep Wrangler
The Jeep Wrangler is developing into a luxury vehicle with cutting-edge technologies and soaring customizing fees. With costs starting at $33,890 and rising to $101,890 for higher trims, it may soon be unaffordable for middle-class families, rendering this tested and trusted Jeep too expensive.
GMC Yukon
Despite the lack of feature changes in the 2024 model, subsequent models are expected to be upgraded to remain competitive in the automobile market. These improvements could raise expenses.
Chevrolet Silverado
While reasonable, it is more pricey than significant competitors. The Silverado excels in utility, with strong towing capabilities, a large bed, and various configurations suitable for job sites and personal use. Pickup vehicles, in general, have been more expensive, and with growing inflation, fuel, insurance, and maintenance expenses, financial accessibility may continue to decline.
Chevrolet Tahoe
The Chevrolet Tahoe earned a spot on Car and Driver’s Editors’ Choice List for its practicality and capability. However, its price has continuously risen, from roughly $50,000 in earlier years to nearly $60,000 today. By 2030, this families-accommodating SUV might be as much as a luxury vehicle.
Electric Luxury SUVs
As concerns about emissions grow, the demand for eco-friendly vehicles rises. Luxury brands like Audi e-tron ($75,595) and Tesla Model X ($77,990) lead this shift. However, regardless of federal incentives, widespread adoption and future battery cost rises may keep these SUVs expensive, with significant price cuts unlikely in the next half-decade.