I only have anecdotal data but that doesn’t line up with my experience… But you might also be right.
In 2004 I bought a new Honda Civic (base trim) for $13k USD. Adjusted for inflation that’s about 22.5k. Starting MSRP for a 2024 civic is apparently $24k so it’s not too far off. If you factor in what you actually get, most new cars have backup cameras, sensors, collision avoidance, blind spot monitoring, better safety and presumably better handling and power deliver and efficiency. It’s not that bad of a deal I suppose.
My main hangup is the amount of dollars because my salary sure as shit hasn’t doubled since 2004.
If you look from the 90s to today car price inflation is lower than general inflation
I only have anecdotal data but that doesn’t line up with my experience… But you might also be right.
In 2004 I bought a new Honda Civic (base trim) for $13k USD. Adjusted for inflation that’s about 22.5k. Starting MSRP for a 2024 civic is apparently $24k so it’s not too far off. If you factor in what you actually get, most new cars have backup cameras, sensors, collision avoidance, blind spot monitoring, better safety and presumably better handling and power deliver and efficiency. It’s not that bad of a deal I suppose.
My main hangup is the amount of dollars because my salary sure as shit hasn’t doubled since 2004.