🚗 Price of New Car in 2016
Verdict: Inflation Trap
New Car cost $35309.00 in 2016. Adjusted for inflation, that's $46150.45 today. The actual price today is $48397.00 — 4.9% more expensive.
⏱️ Labor Hours to Buy New Car
2016
1243.9
hours of median work
Today
1202.3
hours of median work
In 2016, a median earner worked 1243.9 hours to buy new car. Today, it takes 1202.3 hours. It is 1.0x easier to earn.
📈 New Car Price History
1984
2024