This isn’t true. There are dozens of car models near $20k today, and most of the base model inexpensive cars in the US have always cost around today’s $20k-$30k in adjusted dollars. Even the Ford model T: https://www.investopedia.com/financial-edge/0512/how-inflati...
Quality of cars today is unquestionably better, and the number of features and conveniences is unquestionably higher. Cars last longer than they used to, a lot longer on average. There’s ample stats on this.
The average price of cars has gone up slowly relative to inflation because there are now better cars to choose from, and people choose to pay more. But you can’t even buy something as bad as a 1930s or 1950s or 1980s car today, and you can get a much better car now for less money than you could then.
This isn’t true. There are dozens of car models near $20k today, and most of the base model inexpensive cars in the US have always cost around today’s $20k-$30k in adjusted dollars. Even the Ford model T: https://www.investopedia.com/financial-edge/0512/how-inflati...
Quality of cars today is unquestionably better, and the number of features and conveniences is unquestionably higher. Cars last longer than they used to, a lot longer on average. There’s ample stats on this.
The average price of cars has gone up slowly relative to inflation because there are now better cars to choose from, and people choose to pay more. But you can’t even buy something as bad as a 1930s or 1950s or 1980s car today, and you can get a much better car now for less money than you could then.