Look at the positive side of this! You can get a new or slightly used large vehicle for peanuts. I saw an ad for a brand new Jeep from a dealer for under $10K (not sure if 4WD). That is less than price of a Kia or Hyundai subcompact. If you don’t drive a lot, this may even be a good deal. I heard they are not taking SUVs for trade in anymore. You may see offers to sell a near new SUV for a couple of thousands.
Only bad thing is that the Big Three auto who depend on large vehicles for profits will be driven to bankruptcy.