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> 20k was the entry point for a decent car in the late 90s... Now it's north of $30k. You can get a brand new Honda Civic, Toyota Corolla, Mazda 3, or Chevy Cr
by JauntTrooper 11y ago
> 20k was the entry point for a decent car in the late 90s... Now it's north of $30k.
You can get a brand new Honda Civic, Toyota Corolla, Mazda 3, or Chevy Cruze - with lots of very nice features - for 15k to 19k.
- Spooky23 11y agoMSRP on a civic was under $10k in the 90s, and you could get a midsize sedan like a Camry or Accord for $15k.
- JauntTrooper 11y agoThat doesn't seem so bad though, right? Just looked up the MSRPs: 2016 Civic Sedan: $18,640 1996 Civic Sedan: $10,350 So average increase has been 3.0% per year over the period (CAGR). Inflation over the same period has been 2.2%, so it's a somewhat more expensive in constant dollars than it was 20 years ago (~$2500) but also comes with much better features. There also are cheaper cars today than the Civic (i.e. 2016 Nissan Versa MSRP is $11,990, and you almost certainly negotiate down past MSRP).
- brandon272 11y ago2015 Nissan Micra, 2015 Chevy Spark, 2015 Mitsubishi Mirage are all under $10K as well. Safer and arguably better equipped than a '96 Civic.
- deleted 11y ago[deleted]