🚗 Price of New Car in 1991
Verdict: Inflation Trap
New Car cost $16362.00 in 1991. Adjusted for inflation, that's $37694.42 today. The actual price today is $48397.00 — 28.4% more expensive.
⏱️ Labor Hours to Buy New Car
1991
1129.5
hours of median work
Today
1202.3
hours of median work
In 1991, a median earner worked 1129.5 hours to buy new car. Today, it takes 1202.3 hours. It is 1.1x harder to earn.
📈 New Car Price History
1984
2024