Average New Car Price
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Growing up in Long Beach, Ca., I recall going to the supermarket and coming home with two large paper bags, paper that is, with groceries including potatoes and hamburger for under $3.00, no exaggeration! I was in my teens and had done a lot of the shopping myself, so I do recall that with accuracy. As for the price of cars,, in the 50's I believe you could buy a good used car for $500.00
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PS..you could get a clunker for $50.00i......... If we look up f0 years earlier we find many things were incredibly low priced, however money keeps devaluating so that is not a true reference for times after.
I have always believed that there is nothing wrong with deflation, except for one thang. It does not exisst.
I have always believed that there is nothing wrong with deflation, except for one thang. It does not exisst.
It's absolutely ridiculous that the average vehicle today costs $50,000. I paid $50,000 for my first house in 1991. That same small, starter house today would sell for $200,000. All the new SUV's these days that I really like cost $50,000-$60,000. I remember when my wife and I purchased our first brand new car together in 1993 and it cost $13,500. There was another car in the showroom at that time which was a new model that I really liked and I remember looking at the price tag and it was $18,000 and I thought, "are they out of their minds?!" like that was a lot of money to pay for a car back then. $18,000 for a brand new car today would be a steal!
Yeah I remember them days.
What most people forget to mention is, how long it took to scrape up that money. You didn't make nearly as much back then.
Now if I could take my NOW money to back THEN and buy stuff, that would be great. I'd have to make sure to not bring any bills that had been designed after THEN though...
But to go back to THEN and make what I made then, just so I would only have to pay what I paid then... no thanks!
What most people forget to mention is, how long it took to scrape up that money. You didn't make nearly as much back then.
Now if I could take my NOW money to back THEN and buy stuff, that would be great. I'd have to make sure to not bring any bills that had been designed after THEN though...
But to go back to THEN and make what I made then, just so I would only have to pay what I paid then... no thanks!
Bought a new Hyundai AWD Kona for about $28,000 a couple of months ago.
It's a pretty small SUV. I like it very much, but thought that for that size, it should have been $5 - $8 thousand cheaper.
And forget any haggling. They had very few GAS cars on the lot, so I had to wait a couple weeks for it to come. When I tried negotiate a better price, he said, " that car sells before we ever get it on the lot, so that's the price".
Funny to see all the EVs sitting around that nobody wants.
I wanted to get a new car because God knows when these wicked elite politicians will outlaw new gas cars.
It's a pretty small SUV. I like it very much, but thought that for that size, it should have been $5 - $8 thousand cheaper.
And forget any haggling. They had very few GAS cars on the lot, so I had to wait a couple weeks for it to come. When I tried negotiate a better price, he said, " that car sells before we ever get it on the lot, so that's the price".
Funny to see all the EVs sitting around that nobody wants.
I wanted to get a new car because God knows when these wicked elite politicians will outlaw new gas cars.
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