Prices for an equivalent model car really haven’t changed much after adjusting for inflation.
Hondas aren’t the best example because they have steadily been moving more upmarket as a brand. However, in 1991 a base model civic cost an inflation adjusted $15,600. A 2023 base model civic costs $23,750.
Another example that comes to mind is the Mazda Miata since people often complain about how sports cars have gotten too expensive and it’s the archetypal affordable sports car. A 1991 Miata cost an inflation adjusted $35,600. A 2023 Miata starts at $28,000.
Prices for an equivalent model car really haven’t changed much after adjusting for inflation.
Hondas aren’t the best example because they have steadily been moving more upmarket as a brand. However, in 1991 a base model civic cost an inflation adjusted $15,600. A 2023 base model civic costs $23,750.
Another example that comes to mind is the Mazda Miata since people often complain about how sports cars have gotten too expensive and it’s the archetypal affordable sports car. A 1991 Miata cost an inflation adjusted $35,600. A 2023 Miata starts at $28,000.