🚗 Price of New Car in 2020
Verdict: Better Value
New Car cost $40107.00 in 2020. Adjusted for inflation, that's $48604.21 today. The actual price today is $48397.00 — 0.4% cheaper.
⏱️ Labor Hours to Buy New Car
2020
1226.6
hours of median work
Today
1202.3
hours of median work
In 2020, a median earner worked 1226.6 hours to buy new car. Today, it takes 1202.3 hours. It is 1.0x easier to earn.
📈 New Car Price History
1984
2024