New Car Price Inflation

The average cost of a new car in the US has increased by 5666% from 1930 to 2019.

Average Cost of New Car

1930 $600

1940 $850

1950 $1,510

1960 $2,600

1970 $3,450

1980 $7,200

1990 $16,950

2008 $27,958

2013 $31,352

2019 $34,000

Comments

The price of cars doubled in the late 1970s. Since then, car prices have risen with the addition of better mpg and more electronic gadgets than you need.

Norb Leahy, Dunwoody GA Tea Party Leader