🚗 Price of New Car in 2007
Verdict: Inflation Trap
New Car cost $27026.00 in 2007. Adjusted for inflation, that's $40888.53 today. The actual price today is $48397.00 — 18.4% more expensive.
⏱️ Labor Hours to Buy New Car
2007
1119.1
hours of median work
Today
1202.3
hours of median work
In 2007, a median earner worked 1119.1 hours to buy new car. Today, it takes 1202.3 hours. It is 1.1x harder to earn.
📈 New Car Price History
1984
2024