Quote:
Originally Posted by dreamingat30fps
I don't know about Ferraris, but the average car price in 1970 according to Google was around $23k in todays money. Average car today is around $36k. So it has gone up, but also a lot more tech and what not in cars.
I also wonder how much of that higher average is just because people choose to buy more expensive cars. I mean around here BMWs and Mercedes are like corollas. Was everyone in 1970 driving around in BMWs and Mercedes?
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Good points. Wonder if we can find data for the median car.
Another way to think about it is if you want a basic A to B car with air conditioning, good gas mileage, low (relative) maintenance costs, and good reliability, how much would such a car cost in 1970 versus right now?
Right now I'm basically describing a used Honda Civic or Toyota Corolla.
It's hard to do this comparison directly because suppose the typical Econo-box that I'm describing lasted, on average, 100,000 miles before becoming prohibitively expensive to fix (and therefore unusable).
Now suppose a 2010 Honda Civic can last till 175,000 miles. It's reasonable then to compare a used 2010 Honda Civic with 75,000 miles to a brand new Econo-box of the 1970s.