Quote:
Originally Posted by dreamingat30fps
Quote:
Originally Posted by ASAP
average or median?
Average 23K car in the 1970s is lol worthy... dude i recall in the mid 90s... you could buy accords and camrys fully loaded for 25k... and thats about as middle of the pack as you can get.
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According to my Google search it was average.
"In 1970 the average new car cost around 3,542 dollars, and a gallon of gas went for 36. cents."
If I run that through an inflation calculator to 2020 it says "23,405.41".
Obviously not a scientific study |
ok inflation adjusted that makes sense...
but think about the sole fact that median us income is still around 50k and average transaction price is close to 36k... that seems nuts to me considering w corona; we just saw most people dont have more than 2 mo ths of savings