🚗 Price of New Car in 1987
Verdict: Inflation Trap
New Car cost $12922.00 in 1987. Adjusted for inflation, that's $35677.89 today. The actual price today is $48397.00 — 35.6% more expensive.
⏱️ Labor Hours to Buy New Car
1987
1031.4
hours of median work
Today
1202.3
hours of median work
In 1987, a median earner worked 1031.4 hours to buy new car. Today, it takes 1202.3 hours. It is 1.2x harder to earn.
📈 New Car Price History
1984
2024