🚗 Price of New Car in 1988
Verdict: Inflation Trap
New Car cost $13932.00 in 1988. Adjusted for inflation, that's $36951.50 today. The actual price today is $48397.00 — 31.0% more expensive.
⏱️ Labor Hours to Buy New Car
1988
1064.2
hours of median work
Today
1202.3
hours of median work
In 1988, a median earner worked 1064.2 hours to buy new car. Today, it takes 1202.3 hours. It is 1.1x harder to earn.
📈 New Car Price History
1984
2024