According to CPI Inflation Calculator, $24k in 1995 has the buying power of $49,129.10 today. Plug in some numbers from years when you remember cars being inexpensive, and see how much they’re equivalent to today.
That $.30 gallon of gas in 1960 is equivalent to $3.15 today.
The 1996 Geo Prism I bought for $15k (my first brand new car), doesn’t seem like such a good value anymore!
Here’s $24,000. Buy something new in 1995
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Theres two main differences. I can’t buy a small, reliable, cheap car like Yaris, Fit, or Mazda 2 anymore. And I can’t buy decent quality parts anymore without spending exorbitant fees for oem
Some are just weird outliers. Wranglers, for example, are in this inflation-proof netherworld - the sticker on mine in 2012 was $45K, to buy one in the exact same spec today is $49K. It’s cheaper to own.
“Cars weren’t inexpensive”
Shows the higher purchasing power of what the dollar once was