A New $10,000 Car?

WASHINGTON (AFP) - Sensing an untapped market, Japanese automaker Nissan is "seriously" mulling the launch of a small car in the United States priced under 10,000 dollars, top executive Carlos Ghosn said Wednesday.

As the article notes, Ghosn is also the chief executive of Renault and Renault already sells cars priced at ~$10,000 in Europe. As such cars presumably meet European regulatory standards they would also likely meet American regulatory standards. I would see their introduction as a major boon to those who would like a new car but can't afford one; indeed, used car lots would likely take a major hit after their introduction.