🚗 Price of New Car in 1996
Verdict: Inflation Trap
New Car cost $19828.00 in 1996. Adjusted for inflation, that's $39653.62 today. The actual price today is $48397.00 — 22.0% more expensive.
⏱️ Labor Hours to Buy New Car
1996
1162.1
hours of median work
Today
1202.3
hours of median work
In 1996, a median earner worked 1162.1 hours to buy new car. Today, it takes 1202.3 hours. It is 1.0x harder to earn.
📈 New Car Price History
1984
2024