How Much Did a New Car Cost in 1933?
Last Updated Apr 2, 2020 4:30:14 PM ET
According to the website TheCostOfLiving.com, the average car cost $605 in 1933. Because of inflation, however, a dollar was worth far more in 1933 than it is today, so the cost was roughly equivalent to $10,214 in 2010 dollars.
The average cost of a car has risen since 1933, in part because modern cars are far more complex than those made at that time. Drivers expect better engine performance, and modern cars handle far better. Regulations and consumer demand also require a number of safety features that didn't exist in 1933. All of these factors play a role in the rise of car costs.
More From Reference
Here’s How the COVID-19 Pandemic Changed In-Person Retail Shopping in Lasting Ways
A Brief History of Insults: How Different Cultures Use Spoken and Written Verse to Mock and Mediate
Fact Check: How Accurate Are Farmers Almanac Weather Forecasts in Comparison to Weather Apps?
What Annual Income Is Considered Poverty Level & How Was the Federal Poverty Level Established?
Tokyo 2020: Here's How the First Modern Olympics Started 125 Years Ago
Why Do So Many Countries Celebrate Labour Day in May?