Iconic Car Prices Then and Now - 24/7 Wall St.
In the last 35 years, much has changed in the auto industry. Each year, in an effort to stay fresh in the eyes of consumers, manufacturers tinker with their lineup of cars, adding, removing and modifying models and makes. Some models are a flash in the pan, lasting only a few years before they are discontinued. Others go in and out of production over the years, while a few, like the Ford F-Series (NYSE: F) and the Toyota (NYSE: TM) Corolla, remain popular year after year. Many of the most popular vehicles available to American motorists today have been around for decades, and all have been redesigned over the years. There is a significant sticker-shock factor when the cost of a new car today is compared with the cost of the same car in 1980. For example, a new Toyota Corolla in 1980 cost just $4,348 — over $13,000 less than the $17,625 price of a new Corolla... 24/7 Wall St. compared the costs of 25 legacy car models in 1980 and in 2014. Every make and model of a vehicle available to American drivers had a far higher price tag last year than in 1980. After adjusting for inflation, however, the cost of... Source: 247wallst.com
