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The most popular new car is the RAV4, which starts at $29,500 today [1]. In 2010, a new RAV4 retailed for $21,675 [2]. Dealers were more flexible with haggling

by Aunche 1y ago

The most popular new car is the RAV4, which starts at $29,500 today [1]. In 2010, a new RAV4 retailed for $21,675 [2]. Dealers were more flexible with haggling back then, but at best, that's still only a 50% increase. [1] https://www.toyota.com/rav4/ https://www.toyota.com/rav4/ [2] https://www.motortrend.com/cars/toyota/rav4/2010 https://www.motortrend.com/cars/toyota/rav4/2010

giantg2 1y ago
That's not a great comparison due to the difference volume can make on your fixed costs. Even taking a work trim Silverado isn't great, but even from 2017 until now it's almost doubled ($27k to $44k). I'd assume it would be even worse for a low volume vehicle like a fire truck.
BobbyTables2 1y ago
How many people’s salary went up 50% in the same timeframe?
- throwaway2037 1y ago
  Following from my other post above, it is only 2.77% inflation per year. Do you really think people haven't seen pay rises of at least 2.77% per year in those 15 years? It seems hard to believe.
  - BobbyTables2 1y ago
    For the first 10 years of my career, was barely that. A few years had no raise at all. Despite always having top performance, never received a “merit” based raise. The only “raise” I ever got was to change jobs.
- kgwgk 1y ago
  Most of them?
throwaway2037 1y ago
This is a great stat. I asked Google what is the annualised inflation rate: It says 2.77%. That is still amazingly low. A lot has happened in those years -- quantitative easing plus COVID-19. Both were once-in-a-lifetime, enormous economic events.
phendrenad2 1y ago
Your stat is too narrow and misses a lot of important factors. It's better to just use a stat that summates all of them, such as the average cost of a new car. The average new car today costs about $48,000 [1]. The average new car in 2010 was about $24,000 [2] [1] https://www.cnbc.com/2025/03/08/a-new-car-costs-nearly-50000-heres-how-much-youd-pay-per-month.html#:~:text=A%20new%20car%20costs%20nearly%20$50%2C000%20on%20average:%20Here's%20how,you'd%20pay%20per%20month&text=It's%20becoming%20increasingly%20expensive%20to,new%20car%20fit%20your%20budget. https://www.cnbc.com/2025/03/08/a-new-car-costs-nearly-50000... [2] https://www.energy.gov/eere/vehicles/fact-744-september-10-2012-average-new-light-vehicle-price-grows-faster-average-used https://www.energy.gov/eere/vehicles/fact-744-september-10-2...
- M95D 1y ago
  Average of what? All of car models available? All actual cars available to be bought? Cars that are actually sold, not just sitting in lots like Teslas?
  - phendrenad2 1y ago
    I didn't say it was a perfect stat, but if there's something better I'd love for you to share it with us.

by Aunche 1y ago

giantg2 1y ago

That's not a great comparison due to the difference volume can make on your fixed costs. Even taking a work trim Silverado isn't great, but even from 2017 until now it's almost doubled ($27k to $44k). I'd assume it would be even worse for a low volume vehicle like a fire truck.

BobbyTables2 1y ago

How many people’s salary went up 50% in the same timeframe?

throwaway2037 1y ago
Following from my other post above, it is only 2.77% inflation per year. Do you really think people haven't seen pay rises of at least 2.77% per year in those 15 years? It seems hard to believe.
- BobbyTables2 1y ago
  For the first 10 years of my career, was barely that. A few years had no raise at all. Despite always having top performance, never received a “merit” based raise. The only “raise” I ever got was to change jobs.
kgwgk 1y ago
Most of them?

throwaway2037 1y ago

This is a great stat. I asked Google what is the annualised inflation rate: It says 2.77%. That is still amazingly low. A lot has happened in those years -- quantitative easing plus COVID-19. Both were once-in-a-lifetime, enormous economic events.

phendrenad2 1y ago

Your stat is too narrow and misses a lot of important factors. It's better to just use a stat that summates all of them, such as the average cost of a new car. The average new car today costs about $48,000 [1]. The average new car in 2010 was about $24,000 [2] [1] https://www.cnbc.com/2025/03/08/a-new-car-costs-nearly-50000-heres-how-much-youd-pay-per-month.html#:~:text=A%20new%20car%20costs%20nearly%20$50%2C000%20on%20average:%20Here's%20how,you'd%20pay%20per%20month&text=It's%20becoming%20increasingly%20expensive%20to,new%20car%20fit%20your%20budget. https://www.cnbc.com/2025/03/08/a-new-car-costs-nearly-50000... [2] https://www.energy.gov/eere/vehicles/fact-744-september-10-2012-average-new-light-vehicle-price-grows-faster-average-used https://www.energy.gov/eere/vehicles/fact-744-september-10-2...

M95D 1y ago
Average of what? All of car models available? All actual cars available to be bought? Cars that are actually sold, not just sitting in lots like Teslas?
- phendrenad2 1y ago
  I didn't say it was a perfect stat, but if there's something better I'd love for you to share it with us.