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Well, inflation makes that $7000 equal to $13,423.82 based on https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/ You’re also going t
by Scipio_Afri 3y ago
Well, inflation makes that $7000 equal to $13,423.82 based on https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/
You’re also going to have to adjust for profit margins of car manufacturers back then to now, as surely productivity (use of labor and resources through automation) have allowed for them to do more with less materials.
The inflation calculation is also an average and stuff like cars made with steel might have more inflation due to scarcity or cost increases of making steel.
Then I’d say whatever left over is the actual increase in cost of making a car now vs then due to added functionality (including R&D for cars to be safer or more fuel efficient). Although maybe someone else can point out if I’m missing something else to consider.