🚗 Price of New Car in 2002
Verdict: Inflation Trap
New Car cost $22871.00 in 2002. Adjusted for inflation, that's $39888.34 today. The actual price today is $48397.00 — 21.3% more expensive.
⏱️ Labor Hours to Buy New Car
2002
1121.7
hours of median work
Today
1202.3
hours of median work
In 2002, a median earner worked 1121.7 hours to buy new car. Today, it takes 1202.3 hours. It is 1.1x harder to earn.
📈 New Car Price History
1984
2024