🚗 Price of New Car in 1998
Verdict: Inflation Trap
New Car cost $20686.00 in 1998. Adjusted for inflation, that's $39808.72 today. The actual price today is $48397.00 — 21.6% more expensive.
⏱️ Labor Hours to Buy New Car
1998
1106.4
hours of median work
Today
1202.3
hours of median work
In 1998, a median earner worked 1106.4 hours to buy new car. Today, it takes 1202.3 hours. It is 1.1x harder to earn.
📈 New Car Price History
1984
2024