🚗 Price of New Car in 2018
Verdict: Inflation Trap
New Car cost $37577.00 in 2018. Adjusted for inflation, that's $46944.83 today. The actual price today is $48397.00 — 3.1% more expensive.
⏱️ Labor Hours to Buy New Car
2018
1237.1
hours of median work
Today
1202.3
hours of median work
In 2018, a median earner worked 1237.1 hours to buy new car. Today, it takes 1202.3 hours. It is 1.0x easier to earn.
📈 New Car Price History
1984
2024