Yeah, I understand that a family of 4 will want to own 1 car. However, upper-middle class American families often have 2/3 cars due to lack of public transport infrastructure.

Alternately, the densest cities can allow for a car-free lifestyle with rentals for out-of-town trips. However, the costs might be the same as owning a standard sedan. ($30-40k). I won't consider this bottom of the barrel at all.