Those little Steiner's are some stout machines. But they were produced in pretty low numbers, which of course means very high cost to manufacture.
My 3033r was somewhere in the $30k's base unit, and by the time I had it configured with added hydraulics, loader, bucket, plow, mid-PTO... it was somewhere in the mid-$40k's. That was in 2019, when the average car, produced in very substantially higher volume with no dealer customization or conversion required, was nearing $37k.
I have spent my career as a design engineer, perpetually having to predict cost on systems that haven't been designed yet, based sometimes on only the loosest concept of how the final product will be built. I learned from some who came before me, the phrase, "stuff costs money". Despite our products being very high tech custom electronics, the concept that they can be sold almost by the pound or cubic foot, has almost always held true. The same might hold for tractors or cars, produced in a given volume.