To put a different perspective, the average American income in 1925 was $5,425. So buying a Model T (Touring) at that time would cost you 4.7% of your yearly salary.
In 2023-2024, the average car price was $48,274, and the median income was $80,610. It now costs a whopping 60% of your yearly salary.
In 2023-2024, the average car price was $48,274, and the median income was $80,610. It now costs a whopping 60% of your yearly salary.