🚗 Price of New Car in 2008
Verdict: Inflation Trap
New Car cost $27291.00 in 2008. Adjusted for inflation, that's $39772.17 today. The actual price today is $48397.00 — 21.7% more expensive.
⏱️ Labor Hours to Buy New Car
2008
1128.5
hours of median work
Today
1202.3
hours of median work
In 2008, a median earner worked 1128.5 hours to buy new car. Today, it takes 1202.3 hours. It is 1.1x harder to earn.
📈 New Car Price History
1984
2024