Quote:
Originally Posted by NemesisX
Good points. Wonder if we can find data for the median car.
Another way to think about it is if you want a basic A to B car with air conditioning, good gas mileage, low (relative) maintenance costs, and good reliability, how much would such a car cost in 1970 versus right now?
Right now I'm basically describing a used Honda Civic or Toyota Corolla.
It's hard to do this comparison directly because suppose the typical Econo-box that I'm describing lasted, on average, 100,000 miles before becoming prohibitively expensive to fix (and therefore unusable).
Now suppose a 2010 Honda Civic can last till 175,000 miles. It's reasonable then to compare a used 2010 Honda Civic with 75,000 miles to a brand new Econo-box of the 1970s.
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This site lists car prices from 1970. Of course I have no idea what the Honda Civic equivalent is from that list.
http://www.thepeoplehistory.com/70scars.html
I bought my corolla new for like $17-$18k and honestly for a "regular" car I couldn't ask for more. Even has more advanced safety features like lane keep assist, adaptive cruise, blind spot monitoring etc.