🚗 Price of New Car in 1992
Verdict: Inflation Trap
New Car cost $17109.00 in 1992. Adjusted for inflation, that's $38251.87 today. The actual price today is $48397.00 — 26.5% more expensive.
⏱️ Labor Hours to Buy New Car
1992
1161.4
hours of median work
Today
1202.3
hours of median work
In 1992, a median earner worked 1161.4 hours to buy new car. Today, it takes 1202.3 hours. It is 1.0x harder to earn.
📈 New Car Price History
1984
2024