🚗 Price of New Car in 2012
Verdict: Inflation Trap
New Car cost $31252.00 in 2012. Adjusted for inflation, that's $42701.56 today. The actual price today is $48397.00 — 13.3% more expensive.
⏱️ Labor Hours to Buy New Car
2012
1274.1
hours of median work
Today
1202.3
hours of median work
In 2012, a median earner worked 1274.1 hours to buy new car. Today, it takes 1202.3 hours. It is 1.1x easier to earn.
📈 New Car Price History
1984
2024