🚗 Price of New Car in 1989
Verdict: Inflation Trap
New Car cost $14371.00 in 1989. Adjusted for inflation, that's $36373.17 today. The actual price today is $48397.00 — 33.1% more expensive.
⏱️ Labor Hours to Buy New Car
1989
1034.0
hours of median work
Today
1202.3
hours of median work
In 1989, a median earner worked 1034.0 hours to buy new car. Today, it takes 1202.3 hours. It is 1.2x harder to earn.
📈 New Car Price History
1984
2024